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WillyumFX

GBPJPY Short Play

Short
British Pound / Japanese Yen (FX:GBPJPY)  
WillyumFX Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Supply and Demand
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trendanalysis supplyanddemand
Looking at GBPJPY we broke through a 4H zone on the last bullish run. Will looking at a LPT short back to the 4H zone approx. 70 pip move. Once we reach the zone we'll be looking to go long after we reach the zone.
Comment:
Price gave us a nice reaction reaction off of our 4H zone creating a nice long wick giving a decent 150+ pip move down. This also opened the opportunity hop on with the next bull run before potentially pushing through 168.00.
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