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expertradersfx
Mar 5, 2015 5:01 AM

GBPJPY Intraday Analysis for 5 March 2015 Short

British Pound/Japanese YenFXCM

Description

GBPJPY now reached support level and bouncing to next resistance area at 183.7+- area. As we can see, there is strong resistance and role reversal area.

So from my comprehension, price will bounce back at the 183.7xx area and drop down straight to 182.2xx area where the last critical support there.

1. Wait for the retracement
2. After reached the resistance, wait for price action
3. Once confirm, entry with recommended SL and TP

Thanks,
Syazrina
Comments
rifaie.hs
nice. looking for it
expertradersfx
thanks rifaie.hs :)
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