Get started
British Pound / Japanese Yen
Short

Short GBP/JPY

By RichardEdwards
Updated
Have entered short at 135.50 with a target of 132.00 and a stop around 136.50. Markets seem to be leaning risk off lately with COVID cases increases and lack of stimulus boosting equities. The GBP is fundamentally weak given Brexit concerns and increased COVID cases.
Comment
This also hedges against my risk on trades with AUD/JPY, NZD/JPY and AUD/USD.
Comment
Closed trade manually at 135.98 for a £3.50 loss.
Comment
Seems to be some optimism around Brexit which is supporting the pound. This was always risky leaving open as a swing trade. I should of took profit when sentiment was fresher. Could of taken £15 at one point.
Chart PatternsFundamental Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.