Big mistake

I greatly mistaken. But without big losses. Pound closed on the stoploss at 2.0927 yesterday. GBP/JPY prompted me to worry again, but will not close the position. I think that will be higher.

UPDATE: GBP/JPY SL 236.87 :) So, have some rest and watch the market.

Pound will be corrected the most

Although the pound grew up despite the bad data of Retail Sales I think it was an inertial move.

Retail Sales have to impact negatively on the Pound and first on the GBP/USD. A very strong level 2.0900 is about to come and they will wait for a good moment to sell. Anyway it looks like the correction of euro currencies is approaching and the Pound will be corrected the most.

As for the Yen it will continue to decline. We’ll be watching what will be going down faster – Pound or Yen. I believe it is the Yen.

This position on Monday prompted me to worry. My SL stands at 23 pips below the minimum. Useful Stress Killer :)

P.S. SELL GBP/JPY 2.0890

Again about Yen

In spite of the small correction my opinion is that GBP/JPY will go up. Right now I am searching for the level to buy, most likely I will buy it before the Nonfarm Payrolls.

There is an absence of link between GBP/JPY and Nonfarm Payrolls but intuitively feel that right after the news Yen will go down against the European currency. If it goes higher than 240 I will close the position partially and will wait for 255 with the small volume.

Speaking about USD – still watching and thinking. The situation is controversial. There is only one thing I can say – even if dollar goes down, USD/JPY will go up or stay the same.

Update: Buy GBP/JPY 238.98. And go to sleep :)