short GBP/JPY

Discussion in 'Forex' started by xscape321, Mar 23, 2007.

  1. pips it

    pips it

    please note the failure we have around the second fan line; if this failure to persist; I will be selling a failure of the W bottom on the 1H chart (around 230.70), with 229.30 as first checkpoint
     
    #11     Mar 26, 2007
  2. pips it

    pips it

    A simple channel breakout play would target 130 pips either ways; watch the 61.8 and 38.2 fib. levels for setting up initial targets.
     
    #12     Mar 26, 2007
  3. 232.2 seems good today to shrt

    longing around 230.0 mid week
     
    #13     Mar 26, 2007
  4. pips it

    pips it

    LONG cable/yen @ 232.42, initial target 233.50; 2nd 235.20; Stops @ 231.30
     
    #14     Mar 26, 2007