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UnknownUnicorn300837
Apr 29, 2016 12:58 PM

Interesting Yen pairs Long

British Pound/Japanese YenFXCM

Description

We are having a similar setup potentially setting up on GBPJPY than on EURJPY
- Back at structure (but minor structure on this pair)
- RSI OS on the first test

Will be looking if we get a retest and RSI divergence. Big negative on this one though is that we have a Lower Low Lower Close on the first test, which might indicate a bearish trend continuation on that timeframe.

Let's wait and see if we get a reason to get in or not !
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