GBP/JPY & EUR/JPY What to do?

I was taken out of these two long trades last week due to the sell off price action. I like trading the two pairs as there is usually a lot of distance in their movements, unlike USD/JPY. I'm still waiting for a good Long entry at a good cheap price to lower risks and maximize potential. It kinda burns when you miss a good trade or even worse when you get taken out of a trade and then are proven right about it's direction after your out. DARN! The GBP took me out @ 134.78 and look what happened after the weekend pause - So what will I do? Hmmm. I'm tempted to take a long on this pair as I feel that the JPY news this week will impact GBP in a good upward way. I will wait for a better entry price. If it doesn't come I will look to buy a dip before the 140 area.


The EUR/JPY is that same story as GBP/JPY - It all adds up to coulda shoulda woulda.

Again my strategy is to wait for price action to reveal a reversal in the downtrend or for a minor correction to a lower price before i enter Long. For now I'm bullish on this pair like the GBP/JPY pair but i'm not going to jump in at this price unless there is damn good confirmation of it's direction - So I will wait.