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MMQ_FX

GBPJPY - Further upside potential: >300 pips

Long
Livre sterling / Yen japonais (FX:GBPJPY)  
MMQ_FX  
FX:GBPJPY   Livre sterling / Yen japonais
Trend Analysis GBPJPY pound japaneseyen
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trendanalysis gbpjpy pound japaneseyen
By observing GBPJPY on the daily timeframe I believe we have further upside potential in the pair.

PA this week appears extremely bullish and we could see a further push in momentum to meet the previous level of support-turned-resistance zone highlighted.

Yesterday's daily close above the 200 EMA add's further confluence.

For now just a general observation, I will be monitoring the lower timeframes for an entry.
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