Price is retracing back to WPP @167.9000 which also happen to be 38.2% retracement Fib . So if you are bullish on this pair keep an eye on this level

GBPJPY Trade Plan 25th Jan 16

Drop into a smaller time frame once price is in your Buy zone for an entry to go long.

 

Good Luck with you trading

2 thoughts on “GBP/JPY Trade Plan 25th Jan 2016”

  1. Ryan Gandalf van Jaarsveld says:

    Thank you very much for the trading idea Paul!

  2. Ryan Gandalf van Jaarsveld says:

    Nice trade – I entered at DS2 – 167.246 watching 168.948 for small reversal as this is DPP and just under 61.8 Fib.

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