Trade Review: GBP/JPY

As anticipated we saw strong numbers out of the UK manufacturing sector which caused a rise in the pound against the yen. At about 3:00 am EST, our entry price was triggered, and nearly hit PT1 before it moved back down below our entry. After the report was released the pound just shot straight up on PMI number of 54 vs. the previous number of 51.5. By 6 am EST, our second lot reached PT2. Hope everyone did well on this one!

As stated in my April review I will now review the lots as if two lots were traded.

Lot 1: +35 pips

Lot 2: +70 pips

Total: +105 pips