Today I was a little too optimistic and went in short in both GBPJPY & EURJPY as soon as I could. The GBPJPY went through its stop, but I have taken a new position in it since I see it as bearish still.
The GBPJPY has actually gone up slightly now two days in a row, but the up-move is very moderate and the volume in the move is declining and I believe therefor that the fall is soon to be resumed. I have of course no guaranty for this but I believe I have the odds on my side.
I also see the EURJPY as bearish for the days to come. It has been up slightly in the last two days but also here the volume is declining and I see weakness in the graph. This should result in a down-move any day now. The old bottom from Feb 29 will probably give a little support, but I think it will yield.
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