GBP/JPY Signal- Oct. 25, 2012

Currency: GBP/JPY
Trend Expected Direction: UP
Method: Ichimoku, Technical Analysis
Description: GBP/JPY successfully broke above the 128.20 which has been blocking its way since last week. Both daily and 4H charts suggests that higher prices will come as long as the pair trades above this key level.
Recommendation: Long
Target Area: 129.19
Stop-Loss: 128.20

GBPJPY Signal 102512

Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.