SamKent

GBP/JPY Pullback into Long Plan

Long
FX:GBPJPY   Livre sterling / Yen japonais
5
The GBP/JPY has broke through resistance on an impulsive bull move. We're looking to buy the pair on a pullback to our role reversal zone, our entry should also coincide with the ascending trend-line as drawn in the chart. This is a basic breakout-pullback-continuation move, our entry is around the 184.60 handle, with a stop just below the zone and trend-line at around 184.150. We plan to trail out stop on this trade using future swing lows.

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