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    • FX-Ray replied Apr 22, 2016

      lowest I got for a retracement is 110 U/J; for G/J I got 158.50 support so as long as price remains above you're in a good position. Watch U/J also as long as the correlation is valid. Anyway, good luck

      Dragon Riders GBP/JPY
    • FX-Ray replied Apr 22, 2016

      Ah ok I see, its worth to hold that position if we get a positive statement from BOJ next week, you could find yourself in a good long-term position assaulting the old high's. In doubt take partial and risk the remaining.

      Dragon Riders GBP/JPY
    • FX-Ray replied Apr 22, 2016

      Gotcha Next week is decision time, its possible we see a retrace here but im uncomfortable to short the runaway train here tbh. The upcoming 27-28 April BoJ meeting is likely to push the authorities into finally admitting a plan to consolidate ...

      Dragon Riders GBP/JPY
    • FX-Ray replied Apr 20, 2016

      Short indication if price falls below 108.75 then TP short 107.90/80 Long indication if price able to remain above 108.75 + takeout of 109.55/50 then TP 110.00/9.90 Use that as trigger for G/J trades

      Dragon Riders GBP/JPY