12:57pm EST stop: 160.66 SHORT GBP/JPY @ 159.66 target: 159.46 *believe it will 're-hit' the low of the day... *off to lunch
4:38pm EST GBP/USD showing continued bearish move...200 period MA on 4 hour chart line about to be breached...already went through the 50 and 100...possible short set-up in tact at GBP/USD 1.6463... I am currently flat...
I generally trade from about 5am-ish to no later than noon. I don't like the slow movements after London closes. I was 3-0-1 for the day, +55 pips.
GBP/JPY down trend is over.. lol very nice roller coaster ride since Thursday. there may be another re-test of the 159.59 level.. seeing as how it supported that fall from the moon... Other than that. I would buy 160.24 and exit 160.90.. High probability trades for GBPJPY: 1,000,000 @ 160.93(entry) - 161.09(target) long 1,000,000 @ 159.30(entry) - 159.19(target) short