GBPJPY - high risk trade!

As clearly drawn on the chart, GBPJPY could still hit the low and go lower than it a little bit, it's a high risk trade since we will trade against conflicting trends.


So just keep your stop-loss above the resistance level.


To be updated....

Comment:

The market was so fast while I was writing this one :)

Hopefully you can still trade it.

Comment:

After few hours I'll updated the analysis, I suspect another short opportunity in the following hours, I'll check it..


Currently you can target the previous low and move your stop-loss or gain the profit.