Monday, February 9, 2009

Buy GBPJPY at 134.85


Enter buy GBPJPY at 134.85

Current short term indicator showing downtrend, however medium term still showing uptrend potential. This trade might have been entered too early. We'll see the result in 2 hour time.

Update 7:20 GMT
It is down 70 pips at the moment and the indicator does not show sign of reversal. With London stock opening in less than an hour time, hopefully it will aid the sterling.

Update 8:45 GMT
Closed the trade at 135.17 with a 32 pips gain.

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