A 60 pip profit was made last night and I although I'm tempted to leave EUR/JPY alone for now, I don't see the logic in switching back to GBP/JPY when the fibre is working out well.
Tonight I will sell around 112.85-112.95 with a TP 112.20-112.30 and SL 113.35-113-45. The pair is tightening up so a 30-40 trail is a good idea.
The 4 hour chart is a bit tricky because next resistance is around 112.90 where there is a trend line the 100EMA and the 38.2 Fib level all between 112.90 and 113.20. The hourly is looking like it's caught in a 50 pip range, unfortunately where sitting right in middle of it right now.
The minute charts are looking range bound and ideal for guerilla scalping, if your into that kind of thing.
0 pips trail triggered
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