Custom Search

Economic Calendar


Live Economic Calendar Powered by the Forex Trading Portal Forexpros.com

Thursday, August 6, 2009

GBPJPY support break

I'll be trading a break of the 160.30 level if price shows good upward momentum.

I leave for New Hampshire tomorrow early in the morning, so this'll likely be the only trade left for the week.

Cheers!

2 comments:

  1. If a Fib line is drawn on today's move on a 5m chart, the 38% retrace lies at 160.90. Targeting 50 pips on the move would have us exit around 160.80, so this is a great target. Stop will lie below the days lows. Great risk/reward.

    ReplyDelete

Interesting ACM gadget