GBP/JPY Buy Setup Long

FX:GBPJPY60

British Pound/Japanese YenFXCM

Description

⋅ Feb 5, 2016 2:36 AM

Buy @ Market 170.275

SL. 169.3

TP. 170.9

171.3

171.8

Comment

⋅ Feb 5, 2016 10:22 AM

GBP/JPY Update.

It broke below 170 level but kept support of 169.4 and bounced up above our stop loss. So as far as 169.4.. A rise above 171 is valid.

Comment

⋅ Feb 6, 2016 12:37 PM

stopped out.. 97 pips loss

gbpjpylong

Comments

dizel100

⋅ Feb 5, 2016 1:08 PM

Thank you! Following you, I bought 169.75

jhakas

⋅ Feb 5, 2016 1:13 PM

Your welcome and Good Luck!

dizel100

⋅ Feb 5, 2016 1:14 PM

I hope nfp in our direction!

jhakas

⋅ Feb 5, 2016 1:20 PM

its risky trade due to strong jpy..

dizel100

⋅ Feb 5, 2016 12:59 PM

Not too close to stoploss on the eve of nfp?

jhakas

⋅ Feb 5, 2016 1:03 PM

deal is open since from asian session.. and gbpjpy test several times support of 169.45.. but it remain supported.. so my sl. is just below support 169.3 and so far safe and sound :)

It has created 4hr pin bar and double bottom on 30 min time frame.. its positive for bulls but friday and nfp always bring surprises.. lets see..

jhakas

⋅ Feb 5, 2016 1:09 PM

check this.. deal of gbpchf also tested little above my stop loss.. just 6 pips above.. but i increased stop loss of gbpchf due to votality of nfp.. but for gbpjpy i would not risk more.. as that sl. is very accurate and now below double bottom and 4hr pin bar.. so if gbpjpy takes my sl. then nothing to me heavy sell..

here is gbpchf