GBPJPY, 23-03-13, London Session

FX:GBPJPY   British Pound / Japanese Yen
The case of a bearish GBPJPY is now confirmed with the break of today's low of 161.40. Bulls tried to break above 163.00 towards the start of London Session, but failed. I marked the double yellow dot. This area is line in the sand to determine if last Friday's move is still supported by the bears.

I was able to take out my position with almost 40-pips gain.


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