Friday, August 10, 2012

EUR / JPY Update: Friday 10th August 2012 09:50hrs

EJ:

The trade is moving in the right direction. Price has made a new low this morning and is now in profit by 0.5%.

The stop remains at break even for now, however I will move it down before the close of business this evening to lock in as much profit as the chart will allow.

Chart below:


The market is not doing a great deal at the moment, therefore I expect it may take a few days to get to my target.

I have removed my order on EUR / USD as the market didn't offer an entry with good risk reward.

Regards


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