FX:GBPJPY   British Pound / Japanese Yen
Similar setup to UJ and EJ, nice R3 daily hit after yesterday's large daily range. $DXY $TLT $EURUSD $USDJPY
Comment:
Now that we are firmly inside the Month VWAP bands and far beneath the weekly S4 pivot (not shown) I suspect further downside is all but guaranteed.
Comment:
Weekly shows we are at the bottom of this parallel channel, we shall see.
Comment:
Closer look I would be interested to see what happens on a second tap of this channel just below this week's low.
Trade closed manually:
Closed trade the moment EU broke its May 29 low. EU rose 100 pips right after and here we are.

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