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LastBattle
Nov 7, 2014 3:32 AM

GBP/JPY short reversal Short

British Pound/Japanese YenFXCM

Description

There's a nice bounce today off 23.6% fibs for a good short entry if you have not done so.
A reversal is currently underway for GBPJPY, as traders starts taking profit off longs against the Yen.

Stops are placed at the previous high of 184.305, with 2 take profit area at 61.8% & 88.6% fib respectively.
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