GBP/JPY (15/2/18) *You have 2 options

It had an impressive sell down from 2 Feb of +600 pips!
Now it has hit hough support levels and many of the longs' stop loss are already taken out.

So, for the time being, I say the bears have met their objective.
I can swing back up 152.33 (or) 153 as a momentum shift.

So, you have 2 choices.

1. GO Long with the extreme caution
2. Sit Back and wait the price come to serious resistant level with preferred price action to appear. Go for a short trade.

Trade Safe

s0nic


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Komen:

It had an impressive sell down from 2 Feb of +600 pips!
Now it has hit tough support levels and many of the longs' stop loss are already taken out.

So, for the time being, I say the bears have met their objective.
It can swing back up 152.33 (or) 153 as a momentum shift.

So, you have 2 choices.

1. GO Long with the extreme caution
2. Sit Back and wait the price come to serious resistant level with preferred price action to appear. Go for a short trade.

Trade Safe