Wednesday 4 May 2016

GBP/JPY



GBP/JPY... After a Decent Fall, The Pair has managed to remain in a short term rising trend and moving along the Trendline perfectly. The pair just got a breakout from a falling trend and Now expected to move higher. I may be Wrong in the Prediction, but I am just putting up what I have seen on the chart and The Risk Reward is Very Excellent at this point for any Trader. 

BUY GBP/JPY around 155 / SL 154.20 zone / TP 158.40 

Risk of 80 pips and Reward of 340 pips is an excellent opportunity  

(Keep Booking Profit at every 100-150 pips interval or Keep Trailing Stoploss to protect the trades; Trade with proper Risk Management, don't over trade in speculation. Consult your Investment Advisor before taking decision.)