06/08/2009 GBPJPY Trade

Short 1 (500 units) GBPJPY @ 5784
Stop @ 5820 (-36 pips)
Target @ 5605 (+179 pips)

Looking for a bounce off of the channel bottom and previous resistance. Target is the 79% Fibonacci Retracement level.

I got stopped out on this trade for a loss of -36 pips.