Today Signal GBP/JPY 15 AUGUST, 2013
Sterling ended the session on Wednesday with gains of 0.23%, versus the yen, extending
its gains for the third session in a row. Trend bullish and the gains could extend to 153.00-
153.50; breakouts for the symmetrical triangle in an uptrend. Supports are placed are
151.20- 151.50. As long as the pair does not close below the supports, the trend would
remain bullish. close below and the pair could slip to 140.00- 149.50. Buy the pair on dips.
LONG:
Hold on to long positions initiated at 151.30 with a stop at 150.90 for a profit target of 152.80