Sterling Yen is in an uptrend.
Chart below:
Price has pulled back to the 50% Fibonacci level where is has found some support.
Chart below:
Price has now moved back up through the averages and I am looking for a long position with the trend.
Levels and Chart below:
1st Entry: 150.20
2nd Entry: 150.10
Averaged Entry: 150.15
Stop Loss: 149.85
1st Target: 151.65 (5%)
2nd Target: 154.00
I will update again should the position be opened.
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