Trade photo.

It's a 40 pip stop loss with 60 pip profit target, 'risk on' trade, based on the markets positive reaction to the FOMC cut.

The BOE has held rates in a 'hawkish hold' so the GBP long makes sense to me, although an AUS or NZD is also very viable.

The risk to the trade is the fact it's placed on a low timeframe, or the JPY is the wrong currency to short (there is an upcoming BOJ meeting ).

Feel free to email any questions: johnelfedforexblog@gmail.com