FXWW News/Trade Ideas

GBP/JPY: Stop raised to 169.55 (edit)

I really should have listened to my instinct yesterday when everything was screaming at me that the Yen crosses were set to turn lower. Call it post-BOJ blues or whatever you like, the market is overly short of Yen and due for a squeeze.

I’m still well in the money on this trade and as I hate losing on a once-winning trade, I’ve raised my stop to 169.55. Stop done, back to square one 🙁


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