I've not looked at GBPJPY in quite some time as I've been more active in the futures market.
After a quick review of the chart, I am prepping for a short play at the market open or through last week's close (147.70ish) for a target of at least 100 pips near the 146.50 price line.
Stop is just thru the 148.00 handle. Overall I interpret the chart for moves much, much higher (160.00 handle) so I'm in search of the better LONG entry. In the meantime, I'll play shorts for a limited period.
After a quick review of the chart, I am prepping for a short play at the market open or through last week's close (147.70ish) for a target of at least 100 pips near the 146.50 price line.
Stop is just thru the 148.00 handle. Overall I interpret the chart for moves much, much higher (160.00 handle) so I'm in search of the better LONG entry. In the meantime, I'll play shorts for a limited period.
Trade closed manually:
Trade closed. +100 pips.