GBPJPY Buy a Break Setup.
GBPJPY - Intraday - We look to Buy a break of 152.31 (stop at 151.96)
The medium term bias remains bullish.
We are trading at oversold extremes.
We look for a temporary move higher.
20 4hour EMA is at 153.22.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 153.24 and 153.44
Resistance: 152.30 / 152.70 / 153.00
Support: 151.80 / 151.50 / 151.00
The medium term bias remains bullish.
We are trading at oversold extremes.
We look for a temporary move higher.
20 4hour EMA is at 153.22.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 153.24 and 153.44
Resistance: 152.30 / 152.70 / 153.00
Support: 151.80 / 151.50 / 151.00
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