J_Graystone
Long

GBPJPY Counter Trend Opportunities

FX:GBPJPY   British Pound / Japanese Yen
672 1 10
Looking at the BEAST during my analysis this morning and found a couple of counter trend trading opportunities so I thought I would share with you.

We have now seen market test that 150 Flat level as we predicted. We all know 150.00 is a psychological number so this should have some influence on some relief in the market anyway.
We are at previous major structure on the higher time frames.
We can see on the 240 chart, market is putting in a double bottom with the RSI being over sold on the initial test and some bullish divergence
On the 60 min chart we have a bullish Bat formation.

We will be looking at this in more detail in todays             London Live Room which you can come and join in on this morning at 8am British Summer Time.

See you there!

http://www.tradeempowered.co.uk
tp and sl?
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