Tuesday, October 23, 2012

GBPJPY Short Coming Very Well

This is in continuation ot my  previous post where I went short on touch of this channel. Details [here].
GBPJPY short is coming very well as expected. That rejection from channel's upper trendline was heavy. I was short from 128.05 details [here].

myfxvoyage.blogspot.com GBPJPY Short Trade
Price is currently touching 200MA. Previously this MA has provided strong support on pullbacks and price went up from there. I am booking my profit on short opened at 128.05. 

If price goes up from 200MA area, as it has previously, I will looking for opening shorts.

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