Here is a meaningful test on shorting GBPJPY:
Hypothesis: The GBPJPY pair is expected to decline in the short term.
Methodology: Short the GBPJPY pair at the current market price of 152.50 with a stop loss order at 153.50 and a take profit order at 150.50.
Rationale: The GBPJPY pair has broken its daily/hourly upward trendline and has retraced slightly 1. The...