daytradersfx

DECISION POINT: This could swing 100 pips either direction

FX:GBPJPY   British Pound / Japanese Yen
Yesterday we had a GBPJPY             trade that went well, we were looking for 100 pips, it went about 70 before turning aroud, still not a bad run.

Now looking closely at 136.75, this is a nice short term decision point for this pair, a break either direction could be good for 50-100 pips.

See the chart for details. As far as stops, a broker lower and I'll have my stop above 136.75, a break up and I'll have my stop around 136.50
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