GBPJPY Due for a correction

FX:GBPJPY   British Pound / Japanese Yen
44 1
Large move up from Lower 2 with no real retrace. Have touched upper LR2 and are testing. The Macd has crossed down sometime ago. Volatility has dried up from the recent up trend. Will wait for Heikin Ashi Red candle to appear before placing a short. We have moved up 1.47% through the London to US open. Good opportunity for 61.8 retrace.

Took profit, 50 pips.
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