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GBP/JPY Intraday Trading Levels For 10 Feb 2011: Buy GBP/JPY Above 132.75

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Intraday trading analysis (tips) on GBP/JPY for 10 February 2011, we recommend Long (Buy) GBP/JPY Below 132.75 for target of 133.15 and 133.45 keep stop loss below 132.65.

Why to go Long: This pair has been rebounding from its strong support level, and overall bias for this pair remains bullish. So we may see the pair strengthening to its next resistance of 133.15. Technical indicators are however showing mixed to bullish bias.

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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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