TradingView
TimStuyts
May 9, 2016 2:00 PM

GBPJPY buy Long

British Pound/Japanese YenFXCM

Description

The GBPJPY is very comparable to EURJPY and easy to trade, be patient, wait for the consolidation and set-up before you buy the continuation. Updates will follow.

timstuyts.com

facebook.com/timstuyts

Comment

Comparable to EURJPY update but the structure is more clear for a potential sell trade.

Comment

I mentioned this morning that GBPJPY showed a better set-up than EURJPY and therefore I traded GBPJPY. Stop is at break even and I took some profit since I consider this to be a day-trade. Let's see wheter we see another break and bearish continuations.

Comments
JRFreeze
I'm in, looking for 162 could take a while but it might just get there..
More