Long GBP JPY

GBP JPY pair is one of the faster moving pair in yen pairs, As yen fundamentally weak due to Japanese looking for lower yen to get cheap credit , GBP JPY pair technically strong up trend with the completing retracement of 50% fibo with equal top/ bottom, bottom/top pattern. Expected another spike from yesterday 50% fibo at 161.40/50 to reach new target 163.00

BUY GBP JPY

@161.52

Target: 162.40
Stop loss: 161.08

Good luck !.