Monday, June 1, 2009

Trade Idea - GBP/JPY

This pair has moved up strongly over the last day or so. It is consolidating before it decides which way it is going to go. I'm prepared to buy or sell on a close above or below the channel lines. The stop will be the other side of the channel. We will move to break even at +100 pips. I'll keep you posted.

Happy Trading!