USD/JPY caught greater than its typical share of alerts whereas GBP/JPY had just one legitimate play for the week.
How did these positions prove?
USD/JPY had an extended place left open within the earlier replace, and this was capable of financial institution on bullish momentum at first of this week.
This was adopted by 4 extra legitimate performs, even because the pair moved sideways for essentially the most half.
Due to these ranging circumstances, USD/JPY snagged three consecutive losses. Because it turned out, the stops on these have been too shut by that the positions have been closed shortly on pullbacks.
Fortuitously, the final sign turned out to be a worthwhile one and managed to make up for among the losses.
Right here’s how the alerts fared:
GBP/JPY had just one legitimate sign for the week, because it caught a brief play in direction of the highest of the rally.
Much less is extra for this one, although!
The brief place was capable of revenue from the short selloff that occurred, catching 35 pips for this pair.
The proportion win/loss will depend on how position sizes are calculated.
ICYMI, see how the numbers added up for Q3 2021.