GBPJPY Ranging with bias to the downside

This is a tricky pair given the recent GBP strength.
Considerations for short
- Double top rejection (daily)
- Weekly trend line to the downside intact / Daily top rejection
- JPY pairs reacting to Nikkei topping out. Due for correction.

Comment:

retest of doubletop. looking for entry short here

Comment:

Pays to be patient. trail stop to 142 next stop

Trade closed: target reached

Comment:

Trend is still valid waiting for retest of 142.50 level

Trade active:

shorts entered 142.52 tp 140.60

Comment:

still on the trade. ride to 142

Trade closed: target reached