GBPJPY Breakout Buy at 153.80

[B]OPEN ORDERS/TRADES[/B]


[B]

  • INDICATES TRADE HAS BEEN TRIGGERED[/B]

The GBPJPY is attempting a break from a short term head and shoulders bottom. Trading above 153.68 would clear the way for a run towards measured objectives of 155.60 and 158.26. See the above table for entries and exits.

Jamie Saettele publishes Daily Technicals every weekday morning (930 am EST), COT analysis (published Monday mornings), technical analysis of currency crosses on Monday (Euro and Yen crosses), and Intraday Forex Trading Strategy as market action dictates. He is also the author of Sentiment in the Forex Market. Follow his intraday market commentary at DailyFX Forex Stream. Contact Jamie at <[email protected]>