GBPJPY Short off of a rising triangle.
I was originally looking for a breakout of the triangle at about 147.5 and change.
However it looks like it has returned to the down side of the Big Round Number 150.
I think I'm in this too early but so it goes.......
The 150 is a very strong round number zone right through the middle of the GBPJPY.
It is very squishy zone with a history of lots of action above and below with the 150 cutting
through the middle.
I think was a little pre-mature getting in this without a retrace of the 150 so i will watch it closely
and get out cheap if I don't see anything to offer confirmation.
Then again it may make me proud yet.
I was originally looking for a breakout of the triangle at about 147.5 and change.
However it looks like it has returned to the down side of the Big Round Number 150.
I think I'm in this too early but so it goes.......
The 150 is a very strong round number zone right through the middle of the GBPJPY.
It is very squishy zone with a history of lots of action above and below with the 150 cutting
through the middle.
I think was a little pre-mature getting in this without a retrace of the 150 so i will watch it closely
and get out cheap if I don't see anything to offer confirmation.
Then again it may make me proud yet.