Jul 16th 2007

Jude’s Daily Forex - GBPJPY on 17 Jul

I’m looking at shorting GBPJPY at 247.89 as the candle penetrates 200EMA on 30 mins as a signal, and going to penetrate the 1 hour chart pretty much soon.

Bollinger bands are breaking out on the 1 hour and 4 hour charts as well. To further confirm the trades, it’s best to wait for the MACD signals to reverse on H4 charts.

Charts will be shown tomorrow when I have more time.

GBPJPY
Sell Stop at 247.89
Stop Loss at 248.19
Take Profit at 247.45

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