Sunday, January 28, 2007

Buying USD

We have exited the GBP/USD (cable) trade with a 25 pip move profit.
Our USD against the yen currently now in the money. Thin trading though.
We have just entered our second trade. Long 1 lot USD/JPY.
Watch 121.80 area to topside in USD/JPY.

We have entered the first trade of the evening. We have shorted one lot of GBP/USD as the relative strength index hit 84k. The trend since Friday has been bullish to the USD. $196.14 was the price we entered the trade. We have put forward a limit order to buy back GBP at $195.88.

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