Follow this trade along with my others on my personal trading blog. I put on two orders: one to go long USDJPY, and other to go to short GBPJPY. The two JPY positions cancel each other out, so what is implicitly left is a short GBPUSD trade. Normally I don’t do synthetic trades like this, but today I did two of them. When it rains, it pours, I guess! Here is the GBPJPY chart: And here is the USDJPY chart; note we’re zooming out to the monthly timeframe here, which adds another element to the synthetic nature of the trade. The trade is synthetic, but not symmetrically so. With these synthetic trades, I would not expect to lose on both; at most, I would lose on one and breakeven on the other. At least, that is the plan!