FX:GBPJPY   British Pound / Japanese Yen
500 6 25
Details on chart.
Comment: Trade Active.
Comment: Break required of 159 and gbpjpy can march towards 160 and high today!
Comment: So we have breakout both in gu and gbpjpy..
Stop now moved to 158.
Comment: we might can test lows again.
Comment: As said earlier that market can test lows again.. so market tested lows of jpy pairs and if usdjpy remains above 110.6 then all jpy pairs will reverse back to upside.
Comment: stopped out with 50 pips.
Nice one. Fits to your analysis
+1 Reply
newbie2016 WirmachenTrader
nice setup on retracement!
nice setup man i dont see break up 161 good luck
+1 Reply
newbie2016 GoodLuckbabe
yes for today under 161.. and for coming sessions.. market will tell :)
Hi Newbie, Tend to agree with you. I was looking for the 164.5 to 165 to start building on a new short position, but it died a death on my pull back target area, only reaching the 164.1 area. I'll see how this pans out over the next few days. Cheers
newbie2016 dewpoint
usdjpy is close to support and gbpusd is range bound in between 1.40 and 1.45. So i think pullback in gbpjpy will be buy option as I see gbpusd to regain its losses in coming sessions.
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