tamergadc7
Long

GBPJPY resumes its uptrend

FX:GBPJPY   British Pound / Japanese Yen
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176.7 area is a good support zone for long positions for the next perion on all timeframes. Breaking 175.83 on 16 th . Jan 2015 will cancel this view.
My trading idea and view based on :
176.70 is
1- 61.8 fibonacci retracement from 168.00 support to 189.69 riesistance.
2- Retesting the resistance line for Jan and Jul 2014 highs which will act now as a support.
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