Wednesday, July 09, 2008

I was stop out at USDJPY 107.36. - 25pips

Day - 25pips
Weekly -25pips

Total -25pips


Short base on System 2 at 107.11. Stop loss is place 25pips above entry at 107.36. Time of trade around 1330hr. No upcoming major news for this pair for the day. Potential first target at 106.70, last week's weekly pivot and also a level of resistance.