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Monday, June 10, 2013

$GBPJPY >> Trend - Levels & Trading Strategy for the week : 10 Jun 2013

Best Buy & Support @ 150 actual resistances & Best Short Level @ 151.65  (Current Supp) a break above 153.36 Upside Target is @ 155.15 - 155.70 -155.95 - 157.26 ,  However a Crack below 150.10 downside target @ 146.08 - 144.76

Daily Trend Looks Uptrend is nearing the Exhaustion Phase , While weekly Technical Indicators Suggest & Gives A Strong Bullish Indicator (so the up move till 154 levels today) But traders need to Keep an Eye on Monthly Technical Indicators Which  Plays a Major Role  during trend deciding times Like these gives confirmation of a Firm Bearish Trend & Prices Heading in  a southward direction 

**Trader's are advised not to get carried away with the False Weekly Pattern As The MultiBagger Call & the TAPE initiated Sell 156 targets 146 is still active & Intact**

Sell On rises Above 153.66
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