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RichardEdwards

Short GBP/JPY

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
RichardEdwards Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Chart Patterns Fundamental Analysis
2
0
chartpattern fundamental
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.
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