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newbie2016
Jul 21, 2016 7:09 AM

GBPJPY Setup Short

British Pound/Japanese YenFXCM

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Details on chart.

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I was stopped out yesterday at 141.4 from 1.403 but bearish setup is still valid.

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We have nice impulsive move down with usdjpy supporting for more move down and for today gbpusd is going for 1.31 and down.

If gbpjpy takes out 138 and goes for 137.7 then profits will shift towards 120.

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stop now moved to 1.425

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Double Top formation is on way on 4hr chart..

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1hr chart.. Sell!!!!!!

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Break of 139 will drive market more down towards 138 and 137.7

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No pain deal now.. 135 is next stop. 500 pips profit so far..

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Guys.. i am out at 138.. with 410 pips.. this helicopter of boj can really drive gj high... we have fomc and boj stimulus package driving jpy hard... lets see
Comments
dewpoint
Nice chart newbie
newbie2016
Than you :=)
newbie2016
Thank you :)
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