On Friday 4th Sept we generated bottom extensions in GBPJPY and GBPUSD.
Our short Sept Sterling futures trade can be closed.
and reversed into a long GBP vs JPY trade. The partial profit-take threshold is 186.657, the stop at 171.990.
Additionally we did not take partial profits in our EuroFX and Dollar index trade as prices did not remain beyond the partial profit-take threshold by the 4 day mark. We would now advise taking partial profits on both.