Thursday, July 11, 2013

GBPJPY Price Action: Pin bar Trade Setup. July 12, 2013

GBPJPY has been trading within its demand zone for just over a month and has shown reasonable reluctance in breaking through it, leaving room for a break towards the upside. This point of view is supported by the presence of a double Pin Bar from the last two days trading sessions. Bullish entries will therefore be sort on the intra-day time frames, if we get a reasonable Price Action bullish setup.

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