EUR/JPY getting ready for a breakout

Chris L
Category:  Trade Ideas
EUR/JPY
 
Recently, the EUR/JPY pair has been consolidating between the 128 level on the bottom, and the 131 level on the top. As we are approaching the 131 level, I am looking to go long on the breakout.
 
Buying the EUR/JPY at 131.20
stop loss at 1.3075
take profit at 1.33
 
GBP/USD
 
The British pound tried to rally during the Tuesday session, but is running into a significant amount of trouble at the 1.30 level. Because of this, I suspect that selling is about to start again, therefore I’m looking to get short.
 
Selling GBP/USD at 1.2920
stop loss at 1.3010
take profit at 1.2790
 
Copper
 
Copper markets continue to show strength, so therefore I’m looking to go long.
 
Buying copper at present levels
stop loss at 3.04
take profit at 3.10
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