charts247
Long

GBPJPY STRUCTURE LONG

FX:GBPJPY   British Pound / Japanese Yen
Dear Traders,
GBPJPY             , we have a change in participants here.
Yesterday was a key day because price manage to trade above the LH which is very significant
for those that manage to watch the video i posted on structural points.
154.22 is a structural high and we now have a second break which get us into this trade.
We are long this pair frm 154.22 expecting series of new highs in the pair.
Keep hold of the long as long as price is behaving the way it should.
GLT             and trade with care.
Follow us on twitter @charts_247
Watch Lean How To Trade Forex - Structural Point here :
https://www.youtube.com/playlist?list=PLYJwgpOjcx6dX3BLFQKeoLscPkkm4nk4N
Comment: The Uk CPI came out positive, price is now above the LH. We remain long in this pair.
Trade with care Charts247!
Comment: GBPJPY is now establishing itself above the structure. We have a protective stop just below the retracement 153.99. We will keep the long.
Trade with care
snapshot

GBPJPY above the high of yesterday. More Higher High expected!
Reply
tossie79 charts247
So do we buy now instead of shorting it
Reply
charts247 tossie79
We have entered into a Buy position on Tuesday London session. from 154.22
Reply
charts247 tossie79
What we are playing here is mainly the weakness in JPY and the technicality of the price action in the pair.
Reply
Hi thanks for your posts. Great video
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