146.87 - The projected Target for GBP/JPY upside breakout.

Published date: 13/09/2018
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The current consolidation range displayed.. which spreads 55 PIPs from top to bottom is the most important technical factor to remain focused upon at the moment for GBP/JPY.

Recently the pair broke back above the 145.00 monthly resistance level whilst printing two discreet candlesticks higher lows as price remains above the H4 moving averages. Price now trails sideways as sterling builds up potential buying power!

Daily resistance: 145.56 remains a solid barrier which the pair will have to break and close above in order for the projected target price to be reached. To be honest I am not remotely interested in a short setup on this pair at the present moment due to the current daily and weekly outlook... For me, selling would come with additional risks if 145.00 was to be broken as such price action may only be temporary. 

146.87 is my projected target guys. I hope this chart is helpful! Let's await the result.


Comments

  • 146.87 - The projected Target for GBP/JPY upside breakout.
    Neil says:
    14/09/2018

    He prints chats of for breakfast and proceeds to eat them

  • 146.87 - The projected Target for GBP/JPY upside breakout.
    Matr Nguyen says:
    14/09/2018

    Richard, Sean doesn't eat, he just drink and that is how he came up with those ideas. Happy trading!

  • 146.87 - The projected Target for GBP/JPY upside breakout.
    allsam says:
    14/09/2018

    You are a genius ))

  • 146.87 - The projected Target for GBP/JPY upside breakout.
    Richard Hollins says:
    13/09/2018

    What do you eat? I need some of what you are having! already at 146.700.

  • 146.87 - The projected Target for GBP/JPY upside breakout.
    Alex says:
    13/09/2018

    Wow. I'm Impressed. Breakout finally happened.

  • 146.87 - The projected Target for GBP/JPY upside breakout.
    Charles says:
    13/09/2018

    Thinking to enter for a buy

  • 146.87 - The projected Target for GBP/JPY upside breakout.
    Keletso says:
    13/09/2018

    Been keeping my eyes on the,box and awaiting a potential break to the upside

  • 146.87 - The projected Target for GBP/JPY upside breakout.
    Keletso says:
    13/09/2018

    Been keeping my eyes on the,box and awaiting a potential break to the upside

  • 146.87 - The projected Target for GBP/JPY upside breakout.
    Jordan smith-stock says:
    13/09/2018

    Jeeez. My guy with that certi analysis. Citi bank ain’t got shit on Astro.

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