This was a real trade set up that our members profited from.  

GBPJPY

Good quick profit opportunity on this pair.

This is 4 hr chart. There is a clear divergence here.

US equities were up and we can expect Asian session to take this pair higher up to 213.50. This is a good resistance and good price to sell especially considering divergence.

SL could be above 214.50 to be safe as this pair has big moves.

TP1 is 211.10 (just above 211 to be safe) at tenkan-sen

TP2 is 210.60. (210.40 is 38.2% Fib level.)

TP3 is 209.50 (50% Fib)

Good luck

UPDATE : Target 1 and 2 achieved

Targets T1 and T2 were achieved at 211.10 and 210.60.

 Target T3 at 209.50 achieved on 2-19-08

This trade is closed