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Friday, October 26, 2007

My GBP/JPY Trade (25-10-2007) - Update 3

Hello guys. This is the final update on my GBP/JPY trade. I have just manually closed the trade with 50pips profit at the price line of 234.04 and nice interest gain.

GBP seems to weaken further against the EUR and it cannot break above my 200ma in the hourly chart and it is able to break below my support at around 234.10-234.07. Should have initiated the trade with EUR/JPY instead and it really went my way with the same style of analysis. Hehehehe...

Anyways, I will still try to tame this active tiger, the GBP/JPY and hopefully I will be able to share it with your guys in time to come :) Next week, I am expecting to see weird movements on the majors. Let's see how it goes :)

Peace and trade safely everyone...

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