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supersimpl3

Thoughts on short GBPJPY on the 1HR

Short
British Pound / Japanese Yen (FX:GBPJPY)  
supersimpl3  
FX:GBPJPY   British Pound / Japanese Yen
1hr GBPJPY gbpjpyshort jpy short-term
1
0
1hr gbpjpy gbpjpyshort jpy short-term
We have seen the 200SMA act as support for this pair in the past. I will be short here to the 61.8 Fib retracement from the december highs.
I am playing a similar scenario to the break and bounce from 20th February (noted on the chart).
My entry is dependent on PA around 200SMA,
SL:184.200

I won't wait for this trade beyond today, although this pair's reaction to 200SMA continues to be of interest.

Happy Wednesday.
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