hunlion's Blog

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GBP/JPY resting time is over !

Hello Guys ,
The GBP/JPY pair movement stops for a while trading between 150.50 and 150.10 . A 4 Hour candlestick close under this level which means that the pair will continue its way down to reach the level 149.50
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A kangooro tail " engulfing" candelstick On GBP/JPY

Hello guys ,
A kangooro tail " engulfing" candelstick appears on the GBP/JPY 4 Hours chart at a very interesting level 152.20 Which gives a sign of an downward trade for the next few hours , I would recomand a sell stop at 152.81 with a safe Take profit at 152.40 or a risky one at 151.10 a stop lose above this candle stick at 152.77 .
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