pound/yen was in a declining flag with break out confirmed...expect a price target of 170 to be reached calculated as top of flag 162, low of flag 147 = 15 + break out at 155 = 170 target...weekly macd and shocastics turned up and rsi over 50 indicating strength to the signal
I AM ONE LUCKY SOD, GONNA HAVE TATTOO ON MY FOREHEAD SAYING "ONE LUCKY SOD" WHY? I shorted GBP/JPY this morning at 9:05, because my technical analysis tools said short. i was expecting usual 30/40 pips in the day. It just tanked so took profit 145 pips in 25mins. £10/pt. as i said i'm a lucky sod! it's still going, but profit is profit.