The bulls marked support at around 161.60 today, just a tad bit away from yesterday's low. Price rallied back up to 162.15 and I took measly profits ahead of that.
Bears are trying to get hold of the trend downward. Personally, I am leaving the table because I don't see a setup worth risking.
It seems that the most prudent action is to just wait and see how the market close. Tomorrow will be wild with BOJ's monetary policy which I'm guessing will push GBPJPY up but I could be wrong. NFP follows for US session. We will see if there are any opportunity in between.
Bears are trying to get hold of the trend downward. Personally, I am leaving the table because I don't see a setup worth risking.
It seems that the most prudent action is to just wait and see how the market close. Tomorrow will be wild with BOJ's monetary policy which I'm guessing will push GBPJPY up but I could be wrong. NFP follows for US session. We will see if there are any opportunity in between.