This trade is still open. Since I posted this morning the Pound/Yen pair has continued to fall. We are +350 pips (approximately) at the moment and have saved 300 pips. Not a bad day when the worst you can do is make 300 pips. As you can see from the chart, the pair fell until it hit its 800 sma (simple moving average) and has been wandering aimlessly along it for the past few hours. I'll be watching this trade and will update you as things progress.Happy Trading!
