Short GBPUSD as a hedge against GBPJPY
Why should I short GBPUSD you ask? because:
1. To hedge against GBPJPY Buy order as per my previous comment/idea
2. USDJPY is in an uptrend. This mean that in relation to British Pound, USD is strong and Yen is week.
So even if one of the trades fail, the other has a higher probability of success
1. To hedge against GBPJPY Buy order as per my previous comment/idea
2. USDJPY is in an uptrend. This mean that in relation to British Pound, USD is strong and Yen is week.
So even if one of the trades fail, the other has a higher probability of success
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