GBP/JPY: Long Stopped out for small 50 pip profit

My GBP/JPY long was again stopped out after moving my stop up to a profitable 50 pip position. I will now wait again. I seem to be writing that I'll wait again over and over but this is the way of the forex. There is no sympathy for those who are anxious. Wait until the price shows signs of recovery.

My one and only subscriber Jim Goose was on this pair and I hope Jim you haven't adjusted that stop any lower! The Yen is likely to lose some ground in the new year as the ECO-DATA is not good for the small island nation. What is happening and why is the Yen so strong when their data is so terrible?

Interest Rates! The Yen's interest rate is so low it's like borrowing free money! So the big dogs are borrowing yen and that make us little dogs wonder why.

The yen can't hold these levels for mush longer but the US is showing some bad data as well. If the US economy turns around there will definitely be a correction if not a full out reversal.