GBPJPY 1:12RR... DONT MISS THIS

Hi Traders

Please see our above analysis on Gbp/Jpy.

We have been watching this all week and today is the day we believe GJ is going to break down and reverse.

Please see our position which we intend to take when triggered. Note this is a risk on entry and if you would like to enter under a scenario please wait on a confirm lower high or equal high followed by a confirmed lower low.

However we will be taking this risk on entry and if dont get the intended reaction we will be looking for a shorting opportunity at the next point off interest indicated on the chart.

Trade safely and remember 1% is always enough.

The Fx Chartist

Comment:

On February 14th the bank of japan will buy unlimited 10 year Japanese government bonds. Thats why we have seen this unexpected JPY weakness coming into the market.

will be looking for another entry on this pair!

Comment:

This is looking more likely due to the JPY bond release spiking us out!