GBP/JPY: Long @ 122.67 is up 100 pips

This pair has sold off very nicely and even though i lost some pips to this pair I'm still more long than short. My stop was again an initial 200 pips below but price bounced right up enabling me to lock in a + 10 pip stop to prevent losses should it reach lower

This pair is Very Low and represents a good long position if you can time it right. There are 2000+ pips available on the upside. But remember the forex has no boundaries and it can easily break those new lows and head lower. As a note the GBP has several market moving events for tomorrow namly GDP and CPI so set your stops and be prepared to catch another swing