Thursday, December 15, 2005

Forex Trade Idea - 12/15/05

Looks like all yen crosses made big moves yesterday and last night. Even though it's some of the largest moves in a one or two day period time I think anybody has ever seen(700 pips in GBPJPY/300 pips EURJPY)I'm going to still going to go long yen because I think traders are going to continue to move from the dollar to the yen. Here's my trade idea

EURJPY: short at 139.78. Stop at 140.34. Profit target at 139.05
GBPJPY: short at 206.51. Stop at 207.35. Profit target at 205.30


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