GBPJPY Entering Daily Cloud - potential long

6 בינו׳ 2015

Potential demand zone around 181.40/60. Coincides with previous lows, 61.8% of Q4 2014 HL Fib, and top of daily cloud. SL would be placed at 178.80 - monthly S/R line and bottom of (thick) daily cloud.

Long at 181.50
SL at 178.80
TP1 at 186.50
TP2 at 189.50
Risk-reward about 1:2