Short GBP/JPY
Updated
Have entered short at market as the GBP continues to remain weak with Brexit uncertainty. The risk tone remains off which is supporting the JPY. I think this continue for the rest of the week.
As usual I am nervous about trading the GBP as it can seem to find strength from nowhere.
As usual I am nervous about trading the GBP as it can seem to find strength from nowhere.
Note
A second entry could be considered at 138.00. There is a market bill being released by the UK today relating to Brexit which could act as a catalyst for this position in either direction.Trade closed manually
Closed position on Friday at 135.75 for a £8 profit. Was late in the US session where it was unlikely there would be any fresh catalysts to make the price break the low of the day.
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