I agree, this may be a good place to go long. I entered at .7711. There are two things keeping it from going lower. The trendline, as well as the strong support. My stops is at around 40 pips lower. Good luck!
I closed mine at the pivot for 21 pips. I saw the Yen pairs rip out of the gate at Asian open and went long the USD/JPY @ 115.60 mark and still in the trade wiith a stop now below the pivot. GBP/YEN moves too fast for me short term. I'll take a 4 hr chart traade if it's very clear.
