GBPJPY LONGGBPJPY is expected to rise now.
There are many reason why we feel it may rise.
01. It has not sustained quarterly buy level.
02. BULLISH Engulfing pattern in daily Chart.
03. It has gone way below the quarterly Low target. and chances are bright it may touch 190 very soon
04. Stoch RSI (3,3,14,Close) is not clear.
05. RSI(14,CLOSE) Is rising.
06. CCI(20,CLOSE) Is rising.
Keeping all the above indicators in view along with the chart pattern we expect it to rise. Our buy call shall be from buy above : 168.72 with a SL @: 167.66 Tgt01: 171.54 Tgt02: 172.71 Tgt03: 176.34. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
