Double in a Day Trade GBPJPY 2 February 2017: Retesting support

Double in a Day Trade GBPJPY 2 February 2017

Retesting support 

The GBPJPY showed a perfect break on a strong support. As is often the case the price went back to retesting support. That made a good sell entry opportunity. The target was just short of major historic support.

This was a 1 candle trade on the 1 hour charts – Also it almost a repeat of the previous GBPJPY DIAD transaction