Wednesday, December 5, 2007

Trade Update

The euro has finally showed some life and went in our direction last night. Not as much as the cable but it’s still a profitable trade. Consider taking some profit on this trade or at least adjusting stop.

The euro/jpy is still working and would look for a place to add on to it around 162.20-162.00. If it can break above 163.00, it could head for the next resistance areas of 165.00-166.00.

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