Alright, I have opened a short position on GBPJPY @ 155.59 as the price did break the support at around 155.70 just now. Also, stochastic is providing me a good opportunity to short.
Continuing, you might be wondering why did I not open a position on EURUSD as mentioned. Currently, this currency pair is not giving me any good opportunity to trade! Looking at the performance of GBPUSD tonight and the positive correlation between EURUSD and GBPUSD, I am standing on the short side of this currency pair.
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