We are at a structure high and sticking on for dear life. GBP/JPY seems to have respected the 1.618 fib line multiple times with a retracement back to the 0.618 on a reverse fib retracement. Placing a trade with a 6:1 risk reward opportunity.
UPDATE: This one is brewing out nicely. Setting stop to break-even. Risk free trade.
UPDATE: This one is brewing out nicely. Setting stop to break-even. Risk free trade.