OANDA:GBPJPY   British Pound / Japanese Yen
Just want to point out that GJ is approaching the 200 MA on the daily and the 4 hr . Watch the price action on those, should at least get a sell scalp off it. Look to retest level, might get a very nice sell if you let some ride (managed properly of course). It is possible considering all this pair has done is w-x-y'd for like... ever... Obviously it is long right now, but price action is choppy. 200 MA confluence daily-4hr. All I can say to look for at this point is a small sell (off daily 200). Market is just getting kicked off. Hopefully I will have time to post some more specific trades midweek off price action, but I may not have proper analysis time until next week.
Comment: My apologies, it was the 200ma on daily, but the 800 ma on 4hr. The 800 is what it rejected so far.


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