Gbp/jpy failed to breach 239.75 level today, had 3 lots on sell and with good forecast data is bad news to me. Downside surprise! looks like that double top is forming nicely now as UK retail sales data came out weaker than expected.
So far gbp/jpy been my fav pair of the week, pair hit profit target and still going down as i write. Way i see it, if it breaks 237.70 thatll be trend indicator change to down and if it goes further 236.75 thatll hit the d.top neckline, estimate roughly another 330pip movement. Definately have to watch this pair next week.
Result: +3520pips
Now time for some 40k action. A TA result for me will just complete my week.
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