GBPJPY, 23-03-09, London Session
The market proceeded to break 162 yesterday but bulls managed to find support somewhere at 161.70. I was able to get out at 162.05, just before the bulls pushed price up to 162.80.
There were no follow-through move during Asian session but instead, bears dominated at open and bulls tried supporting at 162.10, the 61.8% retracement support of the last bullish leg in the H1 chart.
As of press time, bears has sold off 162.00. I took a half-size position at 162.04 after waiting all morning for a bargain at 162.50 that didn't materialize.
A break of 161.70 will most likely bring us to 161.00. #OPINIONLEADER#
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