Short term long in GBPJPY: great risk reward!

٨ فبراير ٢٠١٥

I think we might get a good opportunity on the long side here, there is strong support in the strongest area in the previous distribution, so a long position can be initiated targetting the 185-187 area.
Ultimately I think this pair will correct down severely but that might take 8-16 days to happen.
For now, I'll go long.