lobfxempire

GBPJPY: Short

Short
lobfxempire Updated   
FX:GBPJPY   British Pound / Japanese Yen
I made an analysis before this post **which if you haven't seen it you should go check it out!!** option 1 is what is unfolding right now. I've already entered a sell @137.960, and here is my t/p area which once price gets there I expect 2 things..

1.) Price will bounce of my median line *Which is insanely accurate and useful* and rise
2.) Price will break through, and go to my weekly support which is a very long way down, which I have absolutely no problem with :)

Leave some comments if you agree with my analysis or disagree!
Trade closed: target reached:
T/P Smashed!
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