CollegeofPips

GBP/JPY Might Reach the 144.29 Level Soon 🚀 🚀 🚀

Long
OANDA:GBPJPY   Livre sterling / Yen japonais
💡 Trade Idea

📈 Buy Limit GBP/JPY @ 142.95

🎯 Target Profit 144.29

🛑 Stop Loss 142.51

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

Description:

The price is a clear upward movement by posting higher highs and lows. Currently, it is trading within a wedge formation, and as per Elliott Wave Theory, we are in Wave 4. Our expectation is a breakout to the upside from the wedge and a move towards the 144.29.
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