Disliked{quote} In all honesty I would be very careful to trade any crosses against GBP, where you are short GBP. It has already been beaten to the ground so you could have a very violent reaction. Stay with trades against USD. This offers good risk/reward ratiosIgnored
The other side of the trade is also a unstable one. However atm more stable then the UK imo.
Correlation to USDJPY is strong +87 on correlation index over the last 300 trading days. And I look in to that also as a hedging possibility. ( Long USDJPY also gives carry )
Trading in the shadow of SM