Friday, January 9, 2009

One trade

GBP/JPY was the only trade I made, entry at 139.25 and exit 138.02 price level. Reason behind the short entry was the resistance at 61% fib level in the daily chart, previous pull back was also in that particular level. I closed my position long before the major news release schedule (MPC Rate Statement, Official Bank Rate, Unemployment Claims, Ivey PMI)