Thanks Superspurs, yeah looking at it that way on the daily chart definitely makes it a risky trade. I appreciate your help. Happy Christmas to you too!
Did anyone else take this GBP/JPY trade? There seemed to be a lot of confluence with this pin, just wondered if some of the more experienced traders could give me their take on it. There was a pivot directly above it so i guess that was why it didn't work, shame because it looked quite nice...