Gbp/Jpy : Eyeing 157 handle Feb 2018 High ?
As of now price is consolidating in a 100 pip range (153.50-154.65) , Speculative sentiment index is around 35% and trend is strong on higher time frames indicating the test of 2018 high around 157 handle which stands as the major resistance / Top.
Trend : Up
Signal : Long Scalp ( 153.50-154.65 range)
Positional trade # 1: Long above 151.70 ( EMA 50)
Stop Loss : 150.50
Target : 157 handle
Positional Pending trade #2 : Sell limit @ 156.70-157.30
Stop Loss : 158.50
Target : Open
Trend : Up
Signal : Long Scalp ( 153.50-154.65 range)
Positional trade # 1: Long above 151.70 ( EMA 50)
Stop Loss : 150.50
Target : 157 handle
Positional Pending trade #2 : Sell limit @ 156.70-157.30
Stop Loss : 158.50
Target : Open