GBP/JPY trades higher, intraday weakness only below 193.20 Long

British Pound/Japanese YenFXCM

Description

⋅ Jul 16, 2015 7:40 AM

GBP/JPY has made a high of 193.84 and retreated till 193.23. Intraday trend is bullish as long as support 193.20 holds.

Any break below 193.20 will drag the pair further down till 192.70/192.30 in short term.

On the higher side any break above 193.85 would extend gains till 195/195.60.

Intraday trend reversal only below 193.20.

Indicators (4 Hours chart)

CCI (50) –Buy

Ichimoku –Buy

It is good to buy at dips around 193.70 with SL around 193.20 for the TP of 195

Comments

syafiqeu

⋅ Jul 16, 2015 8:09 AM

Airmac= badmouth

eb0b1852b8a04587a2caaf3b2b02a1

⋅ Jul 17, 2015 1:00 PM

For me everything is clear - Target (TP) 195, stop loss (SL) 193,20. Why you post stupid question?

eb0b1852b8a04587a2caaf3b2b02a1

⋅ Jul 16, 2015 6:58 PM

I mean yesterday and today

eb0b1852b8a04587a2caaf3b2b02a1

⋅ Jul 16, 2015 6:58 PM

Twice book profit with your idea. Thanks a lot!

yujingr

⋅ Jul 16, 2015 4:23 PM

Buy at 193.2, SL 192.7, TP 195, right?

yujingr

⋅ Jul 16, 2015 4:24 PM

liking your trades a lot by the way

eb0b1852b8a04587a2caaf3b2b02a1

⋅ Jul 16, 2015 1:14 PM

Good idea. Thank you

airmac

⋅ Jul 16, 2015 7:50 AM

just bad trading, I don't understand some setups people posted here, whats the gain form this, to gain clients?!

sheepskyfx

⋅ Jul 16, 2015 7:53 AM

maybe but he post some good trades and others are not but happen to everyone

FxWirePro

⋅ Jul 16, 2015 7:55 AM

It is typo error sorry. Any one feels bad post please dont follow