Monday, December 3, 2012

GBPJPY - BUY SIGNAL




The  4hour timeframe shows a buy trend after the break of 132.43 major swing point on  2012.11.30 12:00 GMT+1.

28hours later, in the 30min timeframe a bearish ABCD pattern was formed indicating a possible BUY if C is broken. This was attained 3 hours after D to signal a BUY at 132.26, stoploss at  D that should be about 66 pips and I will prefer a 66pips take profit too.

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