GBP/JPY

Anyone trading the £/Yen?

The £ has broken out of 157. Is this a sustained break out or an opportunity to short this back down?

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

where are you seeing this flag?

wait, I just looked at the weeklies. very good CT8.

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.

PS - thank you GDP!!