Closed EJ @ 129.51, -5 pips. Also closed UJ 98.12, -14 pips

9.12 bst

I am not feeling comfortable with this trade so I am closing it here for a small 5 pips loss.

Closed EJ long at 129.51, -5 pips.

9.14 bst

Also closed the UJ trade at 98.12 , -14 pips.

Some reasons for not feeling comfortable: Both these pairs are bumping up against Fibo levels and seem to have lost momentum. Similarly the Euro is showing no follow through above 1.3200, not a good sign. On the events front, the G-20 meeting over the next 2 days could produce some tape bombs, although the probability is low. Still, better stay out.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s