ChrisAbdey

GBPJPY - Pound showing strength -

Long
FX:GBPJPY   Livre sterling / Yen japonais
The GBPJPY has broken above the 200 day MA to the upside, and recently over the 50 day MA again as well. I am choosing this time to take advantage of the upswing - SL at 138.50

The RSI is showing some signs of exhaustion but its still in the 60 area - the stochastic looks like it wants to embed in an uptrend and the MACD has made a positive crossover to the upside.

Let's see how this develops :)


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