Tuesday, June 22, 2010

GBPJPY—weak

The remainder of my short from 135.48 profit-stopped out this morning for 134.48 for +100 pips. The additional shorts I established yesterday all stopped at breakeven. Once it hit the high of 134.58 a few minutes ago, it immediately started to falter. The fact that the pair took out the June 17th low of 133.54 is also negative as it means a lower low. Since it's back up at this level I'm going to look for shorting opportunities up to about 134.75.

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