FX:GBPJPY   British Pound / Japanese Yen
Nice simple chart on the gbpjpy here. I see everyone wants to throw 500 indicators on their page these days. Indicators are lackluster. Rest assured if you have RSI macD stoch or any other basic indicator on your charts you are doing it wrong. Ive seen a couple decent indicators, but they dont show me anything I cant see by looking at a naked chart.

Simple price action here at resistance I imagine we will see 1-200 pips down before resuming upwards. The good news is a short trade has very very little risk. While a long trade from here opens up all the harmonized areas for drawdown. Im gonna stay on the side of money management.

expected to get extension here did what i thought iut would. now just waiting for a move down, i adjusted my stop accordingly and have been scalping the bounces to reduce risk. Something i love to do

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