Maybe they should be called stop-hunters instead of spot dealers?

That’s pretty much what an interbank spot dealer does these days, sees where the stops are and goes after them. Firstly USD/JPY got targeted below 78.20 and now those cable stops I reported earlier below 1.6050 are also ‘toast’. Lucky I got most of my GBP/JPY profits off the table last Friday 🙂 Apropos GBP/JPY, its back at the buy-zone near 125.30 and there are sure to be more stops directly below this level.