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Well well, its Friday. What we’ll be looking at tonight or next week

GBPJPY

The range for the pair is closing soon with breaking out either on the top or bottom side of the trendline (more prone to the top now). It’s between 38.2 to 50.0 on the fibo and looks good to breach the 200EMA/SMA line on the top with MACD strength bias to the top as well.

Read the full post of It’s Friday, Pairs To Look Out Next Week

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Opened an additional Short with the beast/guppy whichever you want to call it (GBP/JPY) at 248.70. Setting this up as a rather long term trade with very low leverage. It may still pull up a couple of hundred pips before it starts going down, but hey, that’s the nature of the beast.

Open: 248.70
Target: 243.80
Stop: Not set-

Read the full post of tianx’s Long Term Beast Position (GBP/JPY)

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