Trading Outlook – GBP/JPY

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Originally updated: 06:20am

Currency Pair: GBP/JPY

Sentiment: Bullish

Market focus:

In today’s trade set up we will be focussing on short term buying opportunities on the GBP/JPY.


The pound strengthened yesterday after the BOE minutes came across more hawkish than expected – showing there was concern about inflationary pressures starting to build, this coupled with Japan’s current situation leads us to look for buying opportunities on the GBP/JPY today.


We have a nice confluence zone at 184.40-184.30. This should offer short term support for any pullback.

Stop loss could be placed at 183.75

Take profit target: Open

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Source:: Trading Outlook – GBP/JPY

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Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

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