Friday, July 24, 2009

Usd/Jpy Looking long term

Currenty up 123 pips on the Usd/Jpy. I took profits along the way at specific targets and still have a portion running.

The week roi is about to cross up, but I am guessing we will have some bear before we see a large bull run up. The ROI on the week tends to take a little time, sometimes a few weeks to really commit to that direction.

New resistance has formed so I am locking in profits.

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