After a lacklustre couple of weeks, it was a spectacular return to form this week. After extensively back-testing the GBP/JPY I decided to add this currency pair to the others that I trade so I now trade the GBP/USD, EUR/USD, USD/JPY and the GBP/JPY. Indeed it was the GBP/JPY that was responsible for most of my profits this week.

The first trade, however, arose on Tuesday night when there was an EMA crossover upwards on the 4 hour chart of the USD/JPY pair. I was only looking for long positions, as indicated by the daily trend, and entered long just after the first cross at 104.92. The price very quickly rose and I closed half of my position at 30 points, and let the over half run overnight, moving my stop loss to break-even.

Unfortunately this was triggered, but the next morning the USD/JPY looked like it was going to attempt another upwards breakout so I again went long, this time at 105.27. Thankfully the price continued to rise and I managed to close half at 105.58 and let the other half run, eventually closing at 106.00 after my limit price was triggered.

So this was a very nice return on this pair, but another great position presented itself later in the week, this time on the GBP/JPY pair. On Thursday morning (just as I was tucking into my Bran Flakes) I noticed an EMA crossover upwards on the GBP/JPY, which had been long overdue.

I went long at 206.25 and closed half at 207.00 which it raced to very quickly, and let the other half run. The GBP/JPY then just kept on going higher and higher and each time I had my finger on the sell button, it kept on going up even more. So eventually I closed out at 207.93 after it struggled to break through the 208 level.

Overall it was a fantastic points haul this week, and hopefully the addition of the GBP/JPY will enable me to make a few more trades in the coming weeks as sometimes certain pairs, like the GBP/USD and EUR/USD this week, can go a whole week without an EMA crossover taking place (in the desired direction).

I'm off to watch the Foo Fighters at Wembley tomorrow night and it's going to be even more enjoyable on the back of such a strong trading week. I hope your trading has been equally as profitable and will be back next week for more updates.

In the meantime you can read more about my trading strategy by filling out the form above and joining my newsletter. All the best.