Long GBPJPY
Last week we had a long trade which was close on Friday. Again this pair is gearing for a move to the upside.
Today 184.66 is the key figure, the low that failed to make a new high in this mini price formation. On Friday we saw price traded above this point before coming back below. Again we are above this point and that is our invitation to open a long position. Also for those that follow patterns, the triangle trendline has been broken and retested which is also a good indication for a long trade.
Stop is placed below 184.30
We are targetting 186.00 for this trade.
GLT: Have a good week ahead.
Follow us on twitter @charts_247 for more updates
Today 184.66 is the key figure, the low that failed to make a new high in this mini price formation. On Friday we saw price traded above this point before coming back below. Again we are above this point and that is our invitation to open a long position. Also for those that follow patterns, the triangle trendline has been broken and retested which is also a good indication for a long trade.
Stop is placed below 184.30
We are targetting 186.00 for this trade.
GLT: Have a good week ahead.
Follow us on twitter @charts_247 for more updates
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