structuredtrader

GBP/JPY retest of a prior low

Short
FX:GBPJPY   British Pound / Japanese Yen
We watched this level break recently, and I mentioned I would have preferred to see a pullback before a big move....so here's a pullback. I'm usually hesitant to execute on the D1 because of the huge stops required....but might be looking for H1 entries in the next 12-24 hrs. The reason this isn't an A+ setup is that the level itself hasn't been completely tested yet, space to the upside....if we get that I might get much more excited.
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