Open trading account 
Hello,
today I would like to share some details on why opened the trade on GBP/JPY.
I opened the trade because the pair GBP/JPY was in a side move for for nearly 10 days. I expected the high momentum on this pair. The pair was trading around EMA 50, what I identified as good sign for SHORT trade. Beside this facts I watched the USD/GBP and EUR/GBP pair, which showed some signals, that the support level around 172.75 can be broken down. In general, the down trend on JPY has been expected for some weeks, so I believed that the time is right. What actually happened, was that the US macros was very good and the market decided to go up, what means, that I have opened loss on this pair. I still believe, that the small correction on today's move will come, but I am not sure, if it is tomorrow, the last day of this month contest.
today I would like to share some details on why opened the trade on GBP/JPY.
I opened the trade because the pair GBP/JPY was in a side move for for nearly 10 days. I expected the high momentum on this pair. The pair was trading around EMA 50, what I identified as good sign for SHORT trade. Beside this facts I watched the USD/GBP and EUR/GBP pair, which showed some signals, that the support level around 172.75 can be broken down. In general, the down trend on JPY has been expected for some weeks, so I believed that the time is right. What actually happened, was that the US macros was very good and the market decided to go up, what means, that I have opened loss on this pair. I still believe, that the small correction on today's move will come, but I am not sure, if it is tomorrow, the last day of this month contest.
