GBPJPY Outlook & Trade Setup for the week 3rd - 7th February 2014

GBPJPY Outlook & Trade Setup for the week 3rd - 7th February 2014

Monthly Chart

• On the monthly price has rejected in January from the 61.8 retrace / 127.2 fib ext reverse

Weekly Chart

• Last weeks candle is very negative
• Stochastic shows oversold

Daily Chart

• Daily we have closed at weekly lows
• A retrace should give us a opportunity to short to find our next support

Hourly Chart

• We have a buy in a and a sell setup

Outlook Trade opportunity

Please check the H1 and H4 chart for our buy and sell setup

Risk Level Low - Medium

Tips -

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