Monday, May 11, 2009

Trade Updates - GBP/JPY and EUR/GBP

Both of these trades are currently open and have moved to break even (for the GBP/JPY trade idea, click here. For the EUR/GBP trade idea, click here). The Euro/Pound trade has saved 30 pips so far using a 10 pip trailing stop. The Pound/Yen trade has not saved any pips yet, but I am hopeful. It has broken both support lines and, if it continues down, could make it to the 800 sma. I'll keep you posted.

Happy Trading!