Tosharun
Long

GBPJPY Long set up

FX:GBPJPY   British Pound/Japanese Yen
105 0 6
GBPJPY             has been down trend for sometimes!! it's time to go long!!
The pull back to 0.618 level around 158.301 which is very nice, now I see the break out of trend line .

However, I will wait for another pull back to make sure it's really ready to go up, in the mean time, the candle probably stands above 200MA which is another confirmation for me.
my first target would be 164.098 and then 169.895
Trade active: Order was bought at 160.515 when the price above 200MA
Comment: nice one touch 0.786 and pull back now
Trade closed manually: I closed the trade at 162.00
Trade active: Pull back time has finished, Trade active once again at 158.696
Comment: Aim for higher high which is 164
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