GBPJPY

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.

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.