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.

Commento:

retest of doubletop. looking for entry short here

Commento:

Pays to be patient. trail stop to 142 next stop

Trade chiuso: obiettivo raggiunto

Commento:

Trend is still valid waiting for retest of 142.50 level

Trade attivo:

shorts entered 142.52 tp 140.60

Commento:

still on the trade. ride to 142

Trade chiuso: obiettivo raggiunto