[kolachi]

Hi All,
Finally time has come to carry trade gbp/jpy (the beast) till it reaches 220 handle. The wma5 has changed slope and a journey towards ema21 is underway. Please keep in mind that this is weekly chart and it may take few weeks to see that level. It is an opportunity to grab 900 pips. However, position value should be such that any move against the probable direction should not cause any emotional stress.
Dont forget that it is my personal view and not a suggestion to trade.

kolachi