gbpjoy is getting ready to buy once again. i am expecting it to retest around the previous breakout levels that comes right into the 61.8 giving us a nice supply zone. i would like to keep sl tight for this setup to avoid major drawdowns but you can modify yours. gbpjpy is very volatile but is also my favorite pair. if i get stopped out i will look for another possible setup. we should look for the buy to come in this week so check your economic news calenders ;) a conservative approach to this trade can actually be better. this is an agressive setup but if you set an alert at the 61.8 level and look at price action to hint entries then it would be a lot safer. i will leave this setup here for viewing purposes but i would look more into a conservative approach. pay atention to 155.500-155.000 area and lets see how price action reacts
David K Giraldo