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WhosPipsAreTheseAnyway

GBPJPY - SHORT

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
WhosPipsAreTheseAnyway Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpysell gbpjpydaily gbpjpyidea gbpjpytrade
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trendanalysis chartpattern indicator gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpysell gbpjpydaily gbpjpyidea gbpjpytrade
This pair has rallied a long way since the recent lows at 151.40 area... I expect the GBP rally to start slowing and therefore have started to fade this pair at the 155 level. My stops will be implemented if we break the old upper limit of the downward trend line around 154.30 level. JPY has been fairly muted as of late, so this is effectively a cable trade without the dollar exposure.

Short GBPJPY @ 155
TP: 153
SL: 155.30

Good luck!
Comment:
Trade running nicely in the profit of +80 pips! Move SL to entry to protect capital..
Comment:
Closed half the trade for a profit of +100 pips!
Comment:
Closed the rest of the position at 153.10 for a profit of +190 pips! Just ahead of the TP...
Comment:
TP hit at 153.00... Trade was worth 200 pips, well done if you were involved!
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