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VinnyTheTrader1

GBPJPY - Potential Long and short senario

British Pound / Japanese Yen (FX:GBPJPY)  
VinnyTheTrader1 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns GBPJPY gbpjpyshort gbpjpylong gbpjpyanalysis gbpjpyprediction gbpjpy_outlook gbpjpyforecast
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trendanalysis chartpattern gbpjpy gbpjpyshort gbpjpylong gbpjpyanalysis gbpjpyprediction gbpjpy_outlook gbpjpyforecast
GBPJPY channel down.. potential long after breakout.. SWING target 143.45 area..

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Vinny
Trade active:
70 pips since i posted this chart..
Comment:
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looks like a false breakout..scenario 2 ..
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long running with 40 pips.. will close my position before CPI data unless its positive..
snapshot
Comment:
close short GBPJPY.. daily support level.. wait for next entry for short or long...
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breached daily support... entered short again.. target trendline or next fibonacci level..
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snapshot
fibonnaci .618 continuation downtrend expected...
Comment:
running 35 pips from .618 level.. hoping to break the resistance but needed strong bear action.. anyways in profit...

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