The GBP/JPY pair trades with a bullish bias at 142.090 level ever since it has violated the triple top resistance level of 141.296. On the higher side, the GBP/JPY pair soar until the next target level of 142.510. The GBP/JPY pair’s technical side is supporting strong bullish bias as the 10 & 20 periods EMA are in support of the buying trend. Here’s a quick trade plan…
Entry Price – Buy 141.942
Stop Loss – 141.944
Take Profit – 142.342
Risk to Reward – 1:1
Profit & Loss Per Standard Lot = -$400/ +$400
Profit & Loss Per Micro Lot = -$40/ +$40
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