still no strong bullish momentum yet , focus on the initial test on 1.618
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GBPJPY position on, If today cannot close on or above crab 1.618, considered break even or cut the loss
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Finally some movement from NY session , Now we are looking for daily candle close above Crab 1.618 support (ideally closed above 137.5 quarter point ahead of after Japanese interest rate decision). If not , move SL to break even or exit the trade
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Jun 19 Asian session trading lower , hit the 61.8 Fib retracement and instant reversed as London pre-market, If today NY session could closed above 136.548 than wave 3 has been confirmed , looking for 2nd position on Corrective wave 2
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All positions has been move SL to break even , If daily candle can closed above 137.5 just hold it. BOE may throw some surprise on that interest rate
Trade active
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As long as BOJ keep buying Bond control Yen strength and as long as data released from UK are not too bad, the possiblility of this trade is still high enough