GBPJPY Long (Short-term)

Though overall sentiment on GBP and its weekly chart all point to bearish, just riding the (most likely) last bullish wave on the head and shoulder pattern on its daily chart before going short after the BoE Rate news tomorrow. Going long with TP @148.260 and a very tight and conservative SL @146.442.

www.express.co.uk/fi...ctory-activity-slows

Daily:

Weekly:

Confidence: C (because this is risky especially the USD news later at 8 & 10pm GMT +8 will definitely affect both GBP and JPY, and also cause more volatility so higher chances of getting whipsawed)

Trade closed: stop reached:

At least the loss is very minimal :)