Currency

Short term trades for GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
23 0 1
GBPJPY             is in a correction which ended near the 158 level. It is now beginning on the next leg down as part of a bigger corrective structure. There are plenty of short term trading opportunities as shown in the chart (they are rough represenations only!) . The big trade is ultimately to the downside so keep that in mind if you are a counter trend-type of trader. I do not have set targets on any of the trades as corrective structures do not always behave exactly as we anticipate.
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