FX:GBPJPY   British Pound / Japanese Yen
This is not a signal but expecting more downside on GJ despite the earlier bb% break's long favour. Current yen-strenght and on 3m             projections a 1.618 confluence? Good R2R
Comment: Might a bit dark-sided thinking but not looking good for gbp guys..
Trade closed: target reached
Yen will become lighter from here.Sure
Hi John and thanks for sharing. I am new to the forum but not to the G/Y. I was noticing a large amount of longs in the past couple of days and I am glad you are sounding a warning, because I agree with you. I believe that the G/Y will catch a short, perhaps to 130.00 before rising up to the targets that others are establishing. It only makes sense: the bears will take all of this bullish money and the indicators show fatigue at this current level of 131. + I put in a short near the close on Friday and I am looking to get back in somewhere in the 130's.
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