Forex Trading Signals
GBP/JPY June 19, 2014

Hello Traders,

I wanted to write a short summary on our trade. I sent out an alert on 6-19-2014 at 7:00am EST, on the possible break higher on the gbp/jpy. We discussed this pair yesterday in our Forex Trading Room, we also did technical analysis on this pair.Yesterday I pointed out that if everything lined up we should see a breakup above 173.43 today or tomorrow.

After hours of consideration, I finally decided that my risk reward made sense and I took the trade.

I am long this pair at the moment, I expect a move higher at least till 173.65 area today.
You will see on the chart below as we consolidated above our key 173.24 area and we are looking more bullish for a break higher. I will update our Forex Trading Signals section later in the day.

Here is a chart below to help outline our Forex Trading  Signals sent earlier.

The 172.88 area is still our support, we must stay above this area for the bulls to stay positive.

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