GBP/JPY Trend Coming To An End...

FX:GBPJPY   British Pound/Japanese Yen
179 2 4

Our "VIP" members took two positions in the GBP/JPY             pair on the break of a trendline . They also added another position as price couldn't break through support which held over a two day period. Took profits on half of the position @ 181.27 for a 486 pip gain and are still holding on to the other position continuing to ride the momentum down. The P&L is currently showing a healthy 685 pip profit and that position and no matter what we'll pocket 617 pips on this trade even if it would reverse and stop us out. Our proprietary momentum indicator is telling us that the run might be over here shortly, so we're watching this one closely as we are getting closer to christmas ... where volatility naturally will decline as most Wall Street'ers are on vacation and the markets are closed.

We'll continue to update this and other trades all the time. Until next time,

À bientôt,
Maxmillian DuPont
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