Guys,
I looked at this pair from about 10 years ago and it likes to fall drastically when it hits around 250.
History may or may not repeat itself.
But one things for sure: GBP is strong today and JPY is weak..... thus the extreme 2006. I don't like promoting my pyramid ideas, but the historical extreme falls tempt me to open a few small shorts around 250 and try a few legs every 100.
Risk reward is nice from a historical and practical aspect.
V out.
I looked at this pair from about 10 years ago and it likes to fall drastically when it hits around 250.
History may or may not repeat itself.
But one things for sure: GBP is strong today and JPY is weak..... thus the extreme 2006. I don't like promoting my pyramid ideas, but the historical extreme falls tempt me to open a few small shorts around 250 and try a few legs every 100.
Risk reward is nice from a historical and practical aspect.
V out.