GBPJPY Outlook and Trade Setup for 30th Jan, 2014

GBPJPY Outlook and Trade Setup for 30th Jan, 2014

Daily Chart

• Our bias remains the same as analysis from Monday
• Will be interested to get long when reached support buy zones

Hourly Chart

• We saw rejection from the 61.8% fib retrace, which also was my scalp short entry on my monday's analysis.  I know many traders who have got in short there as a classic setup of a fib 61.8.
• After three days of data since Monday's analysis, I have been able to setup our next counter trade zones.  This is more like a scalp rather than a long term trade.  However this could be the area where it will go higher, so, keep a very small portion on if you see the same 

Outlook Trade opportunity

Please see Hourly chart for Long trade

Risk Level Low

Tips -

Always take note of any economical news event on our provided calender below