agnelmoses
Long

1200 PIPS TRADE - ENTER LONG AT 164

FX:GBPJPY   British Pound/Japanese Yen
212 1 4
Reasons for LONG trade :

1) Price is near the support S-1

2) Price is at 38.2% FIb retracement level
Comment: This is up by 550 pips so far

Move stoploss to 166.

Happy trading !!
Technically it may go up but fundamentally I dont think it will go up.Chinese crack down will boost jpy this week and Sterling is already suffering huge looses so I think we should look for sell below the support level.
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