Yes, trading GBP/JPY is quite challenging. We believe that this pair will rise again to between 212.10 and 212.30, which will form its ultimate high point of the current uptrend.
As far as strategic trades are concerned, though, shorting GBP/USD at the top of its current retracement is our prefered trade.
As far as strategic trades are concerned, though, shorting GBP/USD at the top of its current retracement is our prefered trade.