Hello fellow traders,

Yesterday we talked about rejection of GBPJPY at 138.77 levels. Today once again the pair has been rejected at 138.83 making a

double top pattern and thus confirming that this is a good supply zone. I am short from yesterday at 138.415 with stop loss 139.000

and take profit at 136.000.

DAILY CHART


4H CHART


Once interesting fact is that the line joining the previous highs is still near 142.000 levels from where we can see a huge supply. On

4 Hour chart the price has started downtrend.



Let us see how this position plays.
Happy trading to all.
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