Thursday, January 21, 2010

GBPJPY has already dropped 200 pips today, but I do have a double position short here at 146.50 that I would LOVE to be able to close for 60 pips or so. I'm hoping for one more spike down here!

There is a rising trendline on the daily at about 143.00 which I expect it to touch sometime soon. Sure I'd love to close the position there for 250 pips, but that is simply not my trading style.

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