Timing is Everything and Our Time is Now
Two weeks ago I presented a short idea in this very pair, however I was wrong in my timing but not in assessment. Flash forward and we are presented with another opportunity to enter a short at current levels. One the weekly (my favorite and most reliable chart..see GBPJPY Long) we have a very clear and obvious bullish rejection bar and a downward sloping ema. Tradings is simple, lets not complicate this, enter at current price 1.00704 or on a slight pull back, set your stop at 1.01135 and a take profit at .99000ish