Again like the EUR/JPY pair I was taken out by the spike low and was looking for another good long entry. It never really returned to previous entry level so I took a chance and went long at 136.64 - stop set 200 pips below. I have raised the stop to 137.24 since the trade is doing well and I'm hopeful it will continue this time to the 145 area.
Monday, December 15, 2008
GBP/JPY: Long @ 136.64 - Up 200 pips
Again like the EUR/JPY pair I was taken out by the spike low and was looking for another good long entry. It never really returned to previous entry level so I took a chance and went long at 136.64 - stop set 200 pips below. I have raised the stop to 137.24 since the trade is doing well and I'm hopeful it will continue this time to the 145 area.
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