GBPJPY spikes up and heads back down again
Managed to catch GBPJPY on Friday and as you can see from the chart below, stops were raided and a pin bar formed on the 15m chart signifying that buyers were rushing in. The market then proceeded to shoot up albeit momentarily, as it retraced the entire move over the rest of the afternoon. Good job I’d tightened up my stops and locked in a healthy profit.