[torero]

JPY-based pair have been very trendy, mostly strength of the YEN, hence my affinity to them lately. I use 240-min, then 200 ticks to trade off them. Of course I mark all the S/R areas from weekly and monthly charts.

Due to the spread, problem with the GBPJPY is that you're not allowed to be sloppy, that means you have to be precise in your entry when the trend starts. The percentage of wins have to be at least 40-50% or else a few losers with high spreads add up quickly. I tend to sit tight until it hits S/R of importance and then wait for the test to fail and get in. I never join in when the trend is already in progress (I'm talking in 200 tick charts here). Because once it's started, it's very hard to know where to get out when it moves against you. I'm learning to when to let it run. Although my percentage has been better than I expected.

One thing I do watch is the other same cross pair to find similar movement, say, USDJPY and EURJPY. All have to move together in a breakout, I put a bigger lot in the trade, if just pickpocketing from range, I play a smaller lot. Hope that helps.