This week we swung back to our entry price and a bit higher before turning lower on Thursday and Friday.
With the swing high this week and putting in new lows, we dropped our stop from -260 pips down to -38 pips just above the swing high of 147.148 taking us into the weekend with a bit over +200 pips in the money and stopping near perfectly on that little from the previous two swing lows perhaps setting up a triple bottom(?).
Given the location of the close ( support) and the daily + weekly bars there might be some geo-political fireworks over the weekend to cause effecting Yen or Cable and thus GBPJPY to open below that level dramatically and running stops or move back to the top of this range.
A bit of a head and sholder pattern is in there so we might actually get a further dump here if the is actually in play.
To Be Continued....