Going LONG for the following reasons:
1) MACD cross
2) RSI signaled LONG
3) Waiting for CCI to cross LONG
4) Bouncing off of last month's resistance
5) Coming off of a generally placed bullish trend (the pitchfork)
6) Danske Bank went LONG from their last night's posting at 174.15, looking for 179.20, with STOP at 173.30.
Alternatively, wait to go LONG on
1) Second RSI and MACD fast length dip (things generally come in two)
2) Wait for the pricing to get closer to Danske's STOP, i.e. the pair is still bullish even though it wades into the pitchfork.
GBPJPY generally follows USDJPY - FOMC tomorrow, people expect good things...
1) MACD cross
2) RSI signaled LONG
3) Waiting for CCI to cross LONG
4) Bouncing off of last month's resistance
5) Coming off of a generally placed bullish trend (the pitchfork)
6) Danske Bank went LONG from their last night's posting at 174.15, looking for 179.20, with STOP at 173.30.
Alternatively, wait to go LONG on
1) Second RSI and MACD fast length dip (things generally come in two)
2) Wait for the pricing to get closer to Danske's STOP, i.e. the pair is still bullish even though it wades into the pitchfork.
GBPJPY generally follows USDJPY - FOMC tomorrow, people expect good things...