on a sidenote, do you see what i see on GBPJPY? in resistance zone (18305/18341) and potential transition point. only problem i have atm is that it's only 150 pips from significant resistance @ 185 (when using Heiken-Ashi candles) which also corresponds to natural market PA resistance (previous intra-week peak) on daily chart. so if we don't get a significant pullback from here between now and the middle of the asian session, i'd would venture up to tickle 185 or thereabouts before the retrace.
That's a great looking chart, have not studied the quirks of GBP/JPY, so unable to offer a recco there. From observing your chart, and with such strong up action, pullback could be possible, then clear stops over that recent swing high you pointed out, then maybe more down from there.
isomorph
⋅
short with you from 134.03. i usually steer clear of the EURJPY, but NIkkei and USDJPY convinced me, meaning that in the next 8 hours USDJPY will pull back somewhat further adding pressure on JPY crosses, and seeing as the Nikkei hasn't reached its downward endpoint yet...
EURObull
⋅
Nice! Glad you joined us for this trade. Currently adding to the short here in the 133.80's.
here's the chart: cl.ly/image/3D3G1O203D1a