GBPJPY: This pair has just finished red wave (ii) and for now we are expecting impulsive decline soon in red wave (3). But with conscious if price break above 195.25 invalidate our bearish scenerio for call towards 199. As well as red price below 195.25 we will see decline towards 185 area. Traders can open short position with small lot for targeting 185 area near previous low. Stop loss in this case will be just couple of pips above 195.25.


muhiuddin