GBPJPY H4 OUTLOOK 10 JAN 2018

Yen strengthen as BOJ cut their JGB Purchases to 10% (Tapers QE). Short opportunity at 151.500 (instant) after break of trend line and previous low in the small scope. This pair however are long due for correction.

Short continuation can be done at pullback in H4/Daily

SL : 153.7
TP : 146/145.672

Trade closed: stop reached:

SL hit. UK gained soft brexit approval from Spain & Netherland. BOJ to maintain its QE program until Q4 2018.