captain_smollett

GBPJPY. Awaiting a breakdown

Short
FX:GBPJPY   British Pound / Japanese Yen
The GBPJPY pair is in an acending wedge which can break at any moment. I´m monitoring the pair to confirm the breakdown.

Also, the BOE statement and their decision on rates can abort the trade if the Pounds Sterling goes up. I believe, the situation will be resolved by tomorrow.

Comment:
Broke before BOE. I´d wait until the statement on rates and policy is issued and, if everything goes well, jump in afterwards
Order cancelled:
Trade didn´t started but the pair may still go down. Keep an eye on it over next days

Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
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