Dislikedhttp://i119.photobucket.com/albums/o...pjpy010307.gif
Today GBP/JPY bounced off the 38.2 fib retracement line. Went down up to expansion level 61.8 where my target was. Over 350 pips. my TP2 is at FE 100 level at 226.85
GBP data came as
3:30pm GBP Manufacturing PMI 55.4
53.0 52.8
3:30pm GBP Net Lending to Individuals m/m 10.7B
11.0B 11.3Bhttp://www.forexfactory.com/images/m...us_revised.gif
4:00pm EUR CPI y/y (p) 1.8%
1.9% 1.9%
5:00pm GBP CBI Distributive Trades Realized 19
22 30
5:00pm GBP CBI Distributive Trades Expected 16
18 22
After today's bad GBP data and H4/D1 5/9 cross everything is telling me that TP2 will be hit. Unless Brits do something about it!
Any comment will be much appreciated.Ignored