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TOPIC: GBPJPY

GBPJPY 19 Nov 2012 12:25 #1

Jackozy OFFLINE Senior Poster Posts: 896 Thank you received: 2325 Karma: 49	My order to go short on this got triggered and seems to be doing OK so far: dl.dropbox.com/u/20815047/GBPJPYdaily19_11_12.gif I'm not quite sure yet what my target is here so I'll let it run for now with a trailing stop.
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GBPJPY 15 Nov 2012 09:58 #2

Jackozy
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Senior Poster
Posts: 896
Thank you received: 2325
Karma: 49

Another pair approaching a key resistance:

dl.dropbox.com/u/20815047/GBPJPYdaily15_11_12.gif

Main downtrend resistance at 129.45 today. I'll look to go short here with a stop outside the 25th Oct high of 129.65. This is a straight trendline play (no Fibs or EWT this time) so I have to allow for drawing inaccuracy with the trendline. Still, 25/30 pip stop should be enough. Again, I'll look for sell signals on the hourly before taking the plunge.

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