GBPJPY Long Reversal Entry 149.27
Updated
Into the London Close volume entered Long at current levels. Until FOMC tomorrow, downside will be limited causing a retrace to hit more volume at retail stop level of 150.20. Expect upward movement toward this level through Asia and European session. Reward to risk is at about 2:1.
Comment
Most recent short attempt at 149.15 trapped allot of short retail traders. This is our new invalidation point. If Price goes below this, it means it'll continue to carrie through. New Stop is 15 pips at 149.12Trade closed: target reached
Profit target reached
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