cccpKGB1

GBPJPY Breaks Below - Currently Retesting

Short
cccpKGB1 Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Wait for the 1 hour candle to close.

If price is rejected, short entry.

GBP is overbought over the past couple weeks.

JPY looks to have stalled. Searching to find support.

GBP can drop just as quick as it rises.

Tight stop. See if resistance holds.
Comment:
15 min closeup view. Second attempt to regain trend-line.

Comment:
JPY Equal Weighted Index Rounding out support???

Comment:
Same chart 15 min. Yen likes to trend. Watch for weaker pairs to start turning over.


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