The Gbp/Jpy pair had made a brake of the 50sma daily SurpriseBox. The brake was with a engulfing pattern that encased 12 candles, including a hammer. Target will be 139.50 and stop below 134.00. At present in the recoil.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
