British Pound / Japanese Yen
Long
Updated

GBP/JPY is ready for a temporary rebound

227
The pair has fallen from 199.45 to 186.80 since Jun 30. After the open it spiked lower but the move was quickly reversed. I expect the pair to correct higher in a sharp way.

BUY at 187.25 (market order)
SL at 186.80 (45 pips to today's low)
TP 190.20 (275 pips to the first major resistance)
Trade closed: stop reached
Stopped with 45 pips loss.

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