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Tradesmanship
Jun 8, 2016 12:19 AM

GBPJPY Short.. Short

British Pound/Japanese YenFXCM

Description

am getting obsessed with this pair.

what we have here is a broken trend line on daily time frame.
the trendline was tested in a trade we took earlier in this pair :


since it failed to break the line, am expecting a down movement from now on till 147.
considering brexit is on its way, I think this only makes my statement stronger.

Trade active

Trade closed manually

with the good GBP data am getting skeptical with this trade and i dont feel comfortable running this anymore, instead am buying GBPAUD, closing this one for now.
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