GBP/JPY Falling; Where Next?

GBPJPY alike many other JPY pairs is retracing on short falls and a change in market mood.

Key areas of support exist lower (visible on higher TF's as shown) but will require a continued downside movement.

This is what to expect after such a long rally.

Commento:

Lock in short gains, exit on local W support. Minor longs applicable.

Commento:

Minor long entries approach.

Commento:

Exit for gains.

Commento:

Looking for minor scalp longs.

Commento:

Exit longs for gains.

Commento:

Re shorts applicable.

Commento:

Be careful buying and selling GBP if trading GJ

Commento:

Exit shorts for gains.

Commento:

Looking for long entries.

Commento:

Exit for gains on longside.

Commento:

Same bias across board. Light shorts.

Commento:

Continued into this week alongside other yens.

Commento:

Out all shorts for gains. Room to fall.

Commento:

Re shorts available.