GBP/JPY :- Trade Managment (31/10/2023)

This position is underwater (showing -ve P/L). I will take a 1/2 size loss,Raise stop on remaining 1/2 size to 184.3/4,on premise that BOE meeting coming Thursday will be a dovish event for Sterling. Target remains same @ 179.50.

It is also possible to take the remaining 1/2 size short out at break even on a retraction to the MA 200 on the 1HR time frame.

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