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Trade GBP/JPY 12-03-2015

Hello my name is Wilco van Boxtel I am a trader over 15 years.
Personal you can find me on this community and on twitter and facebook @nuonrg
I work under the name TradeReact you can find me on www.tradereact.com and on Twitter @tradereact
Now today I want to show you my trade on the GBP/JPY and the reasoning behind it.
15 minute chart
Triple Top to sell, Trend is Down.
1 hour chart
Broken support. Below 30 EMA.
4 hour chart
Broken Big Support. Below 200 EMA. Target next support and Fib extensio…
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Found the way up again? Also GBP/USD does.

As you can see on the Daily chart of GBP/USD, after all shocking Bernanke news the markets shaked out.The USD is back to be sold until at least the end of the year against most pairs, the GBP in this case.The spike back up brought the GBP back into the multi-month channel upwards, and that is where it gonna stay again for a decent amount of time.The 1.50 is said goodbye for now and we won't look back.On the 4 Hour chart you can see the big spike up based on fundamental news of the big change in …
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I won 3rd place in the Technical Analysis Contest of Dukascopy July 2013! http://t.co/SPhQi53bcH via @FX_Community @DukascopyFx #forex #fx Thanks for your likes and votes! Please join my webinar soon, keep an eye on the Dukascopy Community calendar for the exact time.

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