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British Pound / Japanese Yen
Short

GBPJPY Ranging with bias to the downside

By maglite55
Updated
This is a tricky pair given the recent GBP strength.
Considerations for short
- Double top rejection (daily)
- Weekly trend line to the downside intact / Daily top rejection
- JPY pairs reacting to Nikkei topping out. Due for correction.
Comment
retest of doubletop. looking for entry short here
Comment
Pays to be patient. trail stop to 142 next stop
Trade closed: target reached
Comment
Trend is still valid waiting for retest of 142.50 level
Trade active
shorts entered 142.52 tp 140.60
Comment
still on the trade. ride to 142
Trade closed: target reached

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