GBP/JPY is ready for a temporary rebound
Updated
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)
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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