GBPJPY Trading Recommendation – February 3rd 2014

The  has rallied quite a bit so far in 2014 and I think we are due for a small counter-trend reversal against the British Pound (not necessarily against the US Dollar). The GBP sold off today after PMI data came in weaker than expected and the overall risk on trade has rallied the Japanese Yen. Take a look at the chart and see if

 

Re:

you can agree with a reversal rally. My pending buy orders have been triggered a few moments ago.

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