GBPUSD: My short position very narrowly avoided getting stopped out on the overnight, but it was very close. I am concerned given the GBP's recent correction against all major counterparts, but a hold of key resistance levels leaves me bearish. Wait and see time. At worst I'll get stopped out at a relatively minor 45-pip loss, while potential reward is much larger.
USDJPY: The USDJPY has bounced off of its lows overnight, but I'm still concerned with the potential of a fresh plunge. A break above 84.50 would give me more confidence in my bullish stance, and I may wait until said occurrence before taking my proposed long position. If the long triggers above 84.50, I would put my stop below the low (most recently, 83.40).
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