Do you remember the last time we featured THE BEAST on the blog? GBP/JPY was showing bearish price action, capped by daily resistance and then stepping down between short term levels beautifully.
A great opportunity to trade in the direction that the market wanted to move.
Well after 800 or so pips of this clean, step taking price action, GBP/JPY has quickly erased those steps and come straight back up to where we last posted:
GBP/JPY Daily:
