Tuesday, May 18, 2010

Fight The Trend! Go Long!

Hi there, I bought EUR/USD, EUR/JPY, and GBP/JPY earlier at 1.2336, 113.99, and 133.43 respectively. I know that the trend is still down and honestly, I'm a bit worry about these entries ;P

Nevertheless, EUR/USD has finished 100% of the previous impulsive wave and another correction could be in progress toward 1.2800 area. EUR/JPY still in the1-week down channel. Break of this channel should confirm 112.45 (yesterday's low) as support. I target 124 area for EUR/JPY. For my baby GBP/JPY, I target 135 and 137 area. Please be good GJ..