GBPJPY Long Term Swing | Trading Zones

Hey Traders,

After UK Data today you have seen a further rise in GBPJPY. The momentum comes as people swap to a GBP bias over JPY.

This poses the question; how to manage it and where to potentially short it. It is very important in many cases, especially on YENS that you do not rush in.

You can get burnt and burnt badly on significant long term rallies.

Watch For More.

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Light shorts, main bias higher.

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Continued into today. Never rush in.

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Still not in after impulse. awaiting longer term high beat / move.

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Keeping tight note on BOJ later.

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Re shorting pushes back to repeated resistance (new found trend forming)

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Maintaining bias ^

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Further Re shorts (light higher)

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Exit re shorts for gains.