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Monday, June 23, 2008

EUR/USD Trade Update

The pair has reached my target and it seems that there is a strong bounce at the moment. Well, Gann on 4 hour chart gave signal about 1 and a half hour ago. So the pair might drop further if the price break the current support. I haven't check another support level and will check it later.

My GBP/JPY position is still open. USD/JPY is facing resistance for now, which give me some comfort:) However I think the pair need to past through 13 EMA on daily chart, which is at 210.68. Okay that's all. Happy trading all:)

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