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Forex: GBP/JPY Intraday Trading Levels: Buy GBP/JPY Above 132.55

By Bhaveek Patel Leave a Comment

Intraday trading analysis (tips) on GBP/JPY for 28 February 2011, we recommend to trade Long (Buy) GBP/JPY pair above 132.55 for target of 132.95 and 133.35 keep stop loss below 132.25.

Reason behind trading long: This pair has been rebounding from its 200 DMA level (131.55 level), the pair on daily chart looks like taking the support so, we will be looking for buying opportunity in this pair as long as it trades above 131.85. Technical indicators are in fovour of the trade, indicating traders to trade long only.

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  1. Forex GBP/JPY Intraday Trading Levels: Buy GBP/JPY Above 131.75 Intraday trading analysis (tips) on GBP/JPY for 25 February 2011, we recommend Long (Buy) GBP/JPY Above 131.75 for target of 132.25 and 132.75 keep stop loss below 131.35. Why to go Long: This pair has...
  2. Forex: GBP/JPY Trading Analysis for 4 July 2011: Buy GBPJPY above 129.55 GBPJPY is one of the most volatile currency pair with daily movement is about 160 pips daily. Intraday trading analysis (tips) on GBP/JPY for 4 July 2011, we recommend to trade long (buy) GBPJPY pair...
  3. Forex: GBP/JPY Trading Analysis for 1 April 2011: Buy Above 134.25 Intraday trading analysis (tips) on GBP/JPY for 1 April 2011, we recommend to trade Long (Buy) GBP/JPY pair above 134.25 for target of 134.65 and 134.95 keep stop loss below 133.95. Reason behind trading long:...
  4. Forex: GBP/JPY Intraday Trading Analysis for 22 March 2011: Sell below 132.75 for Target 132.15 Intraday trading analysis (tips) on GBP/JPY for 22 March 2011, we recommend to trade Short (Sell) GBP/JPY pair below 133.75 for target of 132.15 and 131.75 keep stop loss above 133.05. Reason behind trading short:...
  5. Forex: GBP/JPY Trading Analysis for 1 June 2011: Buy GBPJPY above 133.35 Intraday trading analysis (tips) on GBP/JPY for 1 June 2011, we recommend to trade long (buy) GBPJPY pair above 133.35 for target of 133.85 and 134.45 placing the stop loss below 133.05. Reason for trading...

Category: Forex Tags: Forex/ Forex Trading/ GBP/JPY

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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