Wednesday, July 16, 2008

Upcoming Trade: EUR/JPY and GBP/JPY

I guess it would be risky opening two JPY positions in one go, but I think i will take these 2 trades as I will be using a very tight SL. Both could give a potential of about 300 pips gain each and a SL is aimed around 40 to 50 pips each.

Entry for EUR/JPY long is planned at 166.15 with SL of 40 pips.
Entry for GBP/JPY long is planned at 209.20 with SL of 50 pips.

Hope both of these will also cause the USD/JPY trade to move back to breakeven at least!

Cheers!

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