Wednesday, April 09, 2014

GBP / JPY: Wednesday 9th April 2014. 12:51hrs

GBP / JPY:

Price has been making lower lows and lower highs since the 3rd of April 2014.

Price has been consolidation just above the Daily Pivot Point (DP) at 170.80 area.

I am looking for a break of the DP to enter a short position with the shorter term trend.

Levels and Chart below:

Entry: 170.65

Stop: 171.05

Target: 168.00

 

 
I hope you are having a great week
 
Namaste
 
MDT

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