One of the acronyms I use for trading is RTL.
R = Rules
T = Trend
L = Levels
Simply put, my trades must follow tries and tested rules, follow the trend and respect levels.
Applying this to the Pound/Yen, I believe this pair will be in between the 162 and 163 price levels come the start of 2014.
RULES
One of the most important trading rules for me is "The Trend is Your Friend."
If we take a look at the Pound v's the Yen, it is very clear to see the medium term trend (over the last 2 years) (see C…
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