This month's ProAct Traders “Pay Your Mortgage Trade” idea is found in the GBPJPY pair. I chose it for these two reasons: Brexit (weaker pound) and the BOE rate cut also weaker pound. Elkana is on holiday with his new bride so he is not collaborating on this. GBPJPY is in a nice downtrend and the next support area is at the 129.88 area. I would watch for a 4th wave (bounce here) and then at the 0.500 Fibo of that bounce look for a 5th wave down. Image: read more