FX:GBPJPY   British Pound / Japanese Yen
79 6 3
WE HAVE NICE SELL SETUP ON GBPJPY             TARGET N SL GIVEN ON CHART ..CORRECT ME IF I AM WRONG.

REGARDS
Yeah you are right dis pair have some strength but i stick with my plan and am sure we will get our target soon.. :-) good luck
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giankee prashantfx
Thanks! Good luck to you too. Shorted earlier on, will see how it plays out. Cheers.
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giankee prashantfx
Plenty of sideways action on the pair with narrow range. Shorted a few here and there for 30-40 pips each time since it wouldn't give me much more than that. Are you still involved?
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prashantfx giankee
Yeah still am short in dis pair and am sure we will get our target soon :-)
Reply
giankee prashantfx
I also looked at GBP/USD for some more insight...found that both pairs (GBPUSD & GBPJPY) are trading within some sort of falling wedge and they're both near resistance so I guess we'll find out soon whether GBP goes south or not :-) Cheers.
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Trend line looks rather evident to me. So far the pair seems right on its way to test the trend line again today, there seems to be some strength, any news out anytime soon? Risk/reward looks appealing.
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