Forex Trading Signals

  • EUR/CAD - Buy @ 1.58 zone
  • EUR/JPY - Sell @ 130 level - Buy @ 120 or lower
  • AUD/USD - Buy @ 63 Zone - Sell @ 70 Zone
  • USD/CAD Buy @ 1.20 Zone - Sell @ 1.30 Zone
  • EUR/CHF - Buy At 1.46 to 1.48 zone
  • USD/CHF Sell @ 1.18 to 1.20 zone
  • GBP/USD - Sell @ 1.50 zone - Buy @ 1.34 zone
  • GBP/JPY - Sell @ 140 zone
  • EUR/USD - Buy @ 1.24-1.26 zone

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Thursday, December 18, 2008

GBP/JPY: Long Entry @ 133.83 - Up 40 pips - Stop set at 131.83

GBP/JPY Long Entry @ 133.83 is up right now by 40+ pips. Since I made 900 pips on the EUR/JPY pair I'm allocating 200 of those pips to this pair since the pound experienced a fall after the BoE minutes were released. This opened up a long entry for me and I feel it's a good price to buy GBP. Will hope to catch a good technical bounce to the 140's or so.

The USD Bounced against the Yen and so has the CAD. They lag behind the EURO bounce and are a good indicator that the Yen may be weakening.

I'm long on this pair for now and I'll post a win or loss if it happens.
Posted by FX_Trader at 12:13 PM
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1 comment:

  1. InfinityDoseDecember 19, 2008 at 2:16 AM

    BoJ cuts interest rates, promises to print more money... and GBP/JPY goes lower

    ReplyDelete

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