GBPJPY - BUY (RISK)

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GBPJPY - H4

- FOLLOWING PATTERN HISTORY
- PREVIOUS DROP (160-200PIP MOVE DOWNWARD)
- CURRENT 2ND DROP @ 160PIP
- CAN IT REPEAT 100PIP MOVE BACK UP?
- WILL IT HUNT SL THEN MOVE UP?
- H1,H4 and D are clear to see.

RISK:

As always, GBP is highly influenced by the fundamentals surrounding it. please be careful when trading GBP and use correct RISK MGT. We already took a hit on GBPNZD, but RISK MGT saved our a**!

Happy Trading - Daniel