FX:GBPJPY   British Pound / Japanese Yen
81 1
Short Taken @ 149.35 SL 149.51 TP 148.15
Comment: Hammond finished his budget presentation and debates, leaving market with mixed views about the UK economy, opposition tapped very serious issues, no clear answers had been given, pound is mixed over the board and Yen is gaining momentum and is taking cues on GBP
Comment: notice that DJI is off the high and VIX is on the green
Comment: Now all US indices are on the red, more losses gives more losses for GBPJPY, if losses deepen on indices that will reflect with JPN225 and will strengthen the JPY for reaching more points on the bottom for GBPJPY, could be 147.85 or 147.50 and even more by the Asian Session
Comment: 200 MA 4HRS is on 148.79 , below that will accelerate more losses on the pair with 148.50 as a hurdle on the way down
Trade active: Short Taken @ 149.35 SL 149.51 TP 148.15 and 147.20
Trade active: Trade Update: Short Taken @ 149.35 SL 149.51 TP 148.15 ,147.20, & 146.80
Trade active: JPY is getting momentum and that opens door to 148.30 as next hurdle, a clear break below 148.30 will open the horizon to 148.00 and 147.70 as targets
Trade active: US indices keeps falling and VIX is getting higher, things looks to be on our way to GBPJPY south
Comment: Trade Update: Short Taken @ 149.35 SL 149.51
Comment: I will think seriously to close by 147.70 -147.85 area and assess the market from there
Trade active: Sell a failure 149.12 - 149.03 Target session low at 148.70 - 148.60 -- SL above 149.25
Trade active: Trade is still open,
Trade closed: target reached
with no new highs above 149.40 for March, then 147.10 area is very possible, there pair will be expected to stall for a bit then continue lower
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