Friday, January 16, 2015

GBPJPY - Trading Signal - January 16th 2015


GBPJPY has moved lower, but is now trading inside its support level from where I think we will see some stability and a reversal as forex traders will cover short positions. I have entered my long position in this currency pair as I expect it to trend higher and I will enter more long positions every 100 pips lower from here until we reach 172.950.Traders will seek good long entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.

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