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Thursday, January 24, 2013

$GBP/JPY - British Pound Japanese Yen Multi bagger Trading Idea : 24 JAN 2013

#GBPJPY IS TRADING @ 142.03 AFTER MAKING A LOW OF 139.26 IN THE PREVIOUS SESSION 

DAILY INDICATORS - 5 HOURS IS INDICATING SOME MORE STEAM LEFT FOR UPSIDE , HOWEVER WEEKLY INDICATORS ARE SHOWING A FIRM BEARISH TREND

TRADER'S WITH RISK APPETITE CAN TAKE SELL POSITIONS IN THE PAIR @ 142.20 & AVERAGE IF GET 143.15 (WEEKLY RESIS & BEST SELL LEVEL) FOR DOWNSIDE TARGET  139.08/138.86 HOWEVER NEAR TERM MULTIBAGGER TARGET 134.70 IS STILL ACTIVE

STOPS @ OR ABOVE 144.42

LTP -141.94 ; CURRENT SUPPORT @ 141.60

5 HOURS
WEEKLY
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