GBPJPY - February 2th 2015

MACD still below the zero line.
Oscillator Force Index in divergence, but still below the zero line.

 With continued correction the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 175,77
• Take Profit Zone: 177,28
• Stop Loss Level: 170,54

With continued uptrend for the pair GBPJPY the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 176,60
• Take Profit Zone: 179,60
• Stop Loss Level: 175,77

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