Wednesday, August 24, 2011

Update on my trades...

The GBPUSD trade is now more than halfway to my profit target...it has taken longer than I expected it to, but price was pretty much stalled out for the past couple of days.  I think that the markets are waiting for the possible announcement of QE3 (which may be alluded to this Friday).  The other trade, USDJPY (buy) is a little bit in the negative at the moment - but still hovering around the record low of 76.00.

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