I went in short on gbp/jpy on monday only to be stopped on a vicious rebound. Took another trade again on tuesday and closed 1 position for some profits. As for my remaining usd/jpy, decided to close it at 123.90 for some profits, went down now trading at 122.49. Most yen crosses are going down at the moment but still looking for a direction and i felt taking the short trade on monday was too early. This is ok as im testing my theory and slowly piecing together, and Phase I is now underway, lets see how it turns out until end of the week and for Phase II take shape next week.
Cable still hovering 2.0000 last few days and now have dropped to 1.9940, im off gbp/usd at the moment till further movements occur. Still have to work on equity, down but still alright. Recovering bit by bit as opportunity comes.
Result: +300pips
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