GBP/JPY currency pair analysis

The general trend is ascendant. The trend continuation figure “flag” has formed. Awesome Oscillator indicates bullish divergence. The upper border of the pattern is breached.

Trading idea:

Buy when the ascendant pattern ABC is formed — when the 163.58 is breached.

Stop-loss: 161.75.

Target level: 167.80 (the size of the flagpole and the round secondary level).