Archive for March 19th, 2008

GBP/JPY trade idea. Hit Profit Target

We just hit the profit target in less than six hours from entering position time. Congratulation for those who follow us.

GBP/JPY trade idea

GBP/JPY has recovered nicely overnight.  However, in current situation, any rally in yen pair should be a very good selling opportunity. Thus, we recommend sell GBP/JPY at current level. 200.50 with profit target 197.00. This is 350pips target with SL 1:1 ratio. Patient is the most important thing here. Use proper margin for this trade.

Good luck



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