GBPJPY: trend reversal or large scale retracement

FX:GBPJPY   British Pound / Japanese Yen
773 13 27
The monthly downtrend appears to be about to end. After the month closes, I expect gbpjpy             to head back to the 160 handle over time at least. You can go long risking a decline below 132.233 once the market opens today.

Good luck!

Ivan Labrie
Trade closed manually: Closed for now, good profits. I'll reenter if need be.
Comment: Got back in like with USDJPY, 29 pips discount.
Trade closed manually
Comment: Good profits, but time to bail. Last: 138.42
Yeah man lets keep an eye on this next week
IvanLabrie RJHumphries
Hi, I'm holding yen long positions and flat GBP. The big move in GBP pairs might retrace for a while.Have a nice weekend.
Dam sure
PHILOOS optimistic
I believe we need a leg more down and then upto 160-180. It fits on the monthly chart
Hi, yes it's possible. This is a volatile pair. The last bottoms have had big volatility so i don't discount that possibility.
I think at least 140
am currently long on that pair, looking to add a position today after a higher close
Guys did you not read this?? Ivan predicts an end to the current trend, which is??... So he think the market will change and thus go...?

Up! With a stop somewhere lower than 132.233. I think :)
IvanLabrie RJHumphries
Hi, yes, exactly. That's what I think. Thanks for clarifying it.
it will go down or up?
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