traderh

GBPJPY, 23-03-10, US Session

Long
FX:GBPJPY   Livre sterling / Yen japonais
UK's GDP release came with enough selling pressure for us to get a chance to get in the trend. I was able to get in at 162.85.

That huge move an hour after came perfectly for a take profit at 163.85. Could this give way to a second round trade later post-NFP at 930pm (GMT+8)?

Plotting the fibs, a bargain for entry seems to be around 162.62 to 163.00. We will see how it goes. If it doesn't retrace, then we get the chance to sleep early for tonight.


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