Anaylsis..

Well overnite trade..
Short at 212.69
212.38 ( got in a bit too early XD)

So for my overnight trade
These are my analysis.

Scenario 1
108.5X1.972=213.96
107.8x1.972=212.5816
107.5x1.975=212.3125 (3)
107x1.98=211.86 ( I hope this comes (1))

Scenario 2
108.2x1.96=212.072
108.6x1.965=213.399 ( If this comes we'll look for long and i will be dead XD)
109x1.97=214.73 (2)
109x1.96=213.64
107.23x1.98=212.31 (3)


Short was taken due to overbought RSI hourlies in GBP/USD, GBP/JpY by itself.. USD/JPY blah the usual ups and downs.. but resistance at 108.2 was seen..


EDIT:
Well guys.. our target of 211.86 was hit for a while before it went up.
I would cut the position with profits. But I am not too sure.
RSI doesn't say oversold.. but Stochastics does. The choice is up to u.