GBPJPY analysis - soooo predictable....



chart 15 min - 2.15 pm
short again at 136.87
1. daily fibo 50% level rejection
2. failure to break previous resistance
3. round number significance

now +50, SL moved to +1
UPDATE:
5.00 pm   closed 1/2 position at +150
          SL moved to +50 for the other 1/2 position
          price is truggling to break yesterday low
          UK Retail Sales data coming up at 5.30 pm
5.30 pm   extremely good UK data... 
          closed the remaining 1/2 position at +60
          will stay out until the dust settles down B-)
5.55 pm   did you see that? =))
          the beast shot up 290 pips and then dived 180 pip
          all that just within minutes...
          no wonder this pair is for the brave-hearted only :">
          and EJ moved 390 pips :-O

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