FX:GBPJPY   British Pound / Japanese Yen
Ticker: GBPJPY            
Direction: SHORT
Entry Price: 154.46 - 160.00 AREA
Current Price: 154.46

Description of Chart:
With what I expect to be a further decline in economic growth and standard of living. I am expecting to see a further decline in GBPJPY             . I have been short since the start of the year, taken some profits, and now looking to get short again. We have to keep in mind, that the government in Japan can devalue their currency with more printing (Q.E) however they are holding off now. Perhaps they have come to the realisation that it has not worked. This can go one of two ways, they can admit they were wrong and let the correction happen, or, they can do the biggest Q.E program they have ever done (even bigger than already) to try again. I am hoping for the former, but we will see.

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