Closed GU short at 1.6358, -44 pips; New long GBPJPY

8.22 gmt

Hopefully this is the last of the poor GBPUSD trades as I close the short at 1.6358 for a loss of -44 pips.

My system says to go long GU, but I have decided to go long GBPJPY instead.

Long GBPJPY $3/pip at 168.69. The SL is at 167.70.

Year end seems to be the season for yen weakness. Most of my trades are betting on yen weakness, which leads to correlation risk,  a risk I have to watch out for!

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2 thoughts on “Closed GU short at 1.6358, -44 pips; New long GBPJPY

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