Well, it did decide to range back down to 155.72, and has made a nice 200 pip run up. Even if you were able to only catch a buy on the break of 156.85, one could have grabbed a quick scalp out of that 100 pip move, (and it's still climbing). Pips are pips guys! Be happy with the positive numbers. 20 pips here, 40 there, are quite respectable trades. With the GBPJPY, we all know that once in a while, we will catch the 100, 200, 300 pip moves! They will come. I hope those of you that have been watching my charts, have been able to see the moves forming when I tell you the levels and when to watch for breaks.
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