Any forex traders out there who trade the GBP/JPY? If so, what do you see happening short term with this pair
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This entry was posted on Friday, March 7th, 2008 at 6:14 am and is filed under forex trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
March 7th, 2008 at 6:14 am
We just saw a 1000 pip drop, so we are either ready to retrace a bit with the US market or we are going down another 500 pips. I think people are going to wait for the non farm payroll report on friday. I would wait until you see a real number in the report. Then you will be able to make a decision. We've been demo trading a breakout strategy for about 11 days now, and it is ready for its next swing. You can see the actual trades it took.