Forex Trading Signal Week #14 Update
November 26, 2009 by Kelvin
Filed under Forex Signals
Just an update for the 2 currency pair that I have posted the signal for you earlier.
Forex Analysis For GBP/JPY
The GBPJPY has broke through the 145.795 and if you have went short, you are already making 229 pips at the point of my writing this post.
If you have multiple lots, maybe you should exit 1 lot to grab the profit. The next exit target will be 141.034 which is a 0.5 fibonacci level which is usually a strong support.
GBPJPY Breakout
Forex Analysis For EUR/USD
As for the EURUSD pair, the price has also broken up the 1.50586 level as stated in my previous forex trading signal #14. At the point of writing, has retrace to retest the support.
If you did not enter any position earlier, do wait to see if the price is going to be successful in retesting the support. Do not rush into trade.
retesting support
All the best to you!
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