
The long EUR/JPY is doing well and may be showing a few signs of fizzling out. I have raised my stop to 123.87 and I'll wait to see where it goes. There is some economic data from Europe due next week and it may help drive the Euro back toward previous supports. if it does I'm locked in with 200 pips profit and there will be no loss. For now I'm long and I'm staying that way until the price tells me other wise. I am however prepared to go short should it revers and this time I hope I'm awake to catch it.
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