On the GBPJPY daily chart, we can see that the pair bounced from the uptrend support line 151.600-151.700 zone. This bounce could lead to a test of the 152.820 upside resistance level. The invalidation of the uptrend move will be only in the case of the daily close below the 151.050 level.
Note: look for the long trade entries here with the SL below 151.080 level
Because of the increased number of requests we have open five more seats! Join now!
Happy trading! (click on the chart to enlarge it)
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. If you want to learn all about it and become a professional Trader, sign up now we are accepting Bitcoins!