June Trade # 14 - BUY GBP/USD

June 29, 2009 3:00 pm (Manila)

2nd half is out at +55 pips/lot for a total of +110 pips.

Summary for this trade:

1st half: + 60 pips
2nd half: +110 pips

Total: +170 pips

Whew!

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June 29, 2009 2:40 pm (Manila)

1st half is out for a total of +60 pips (+30 pips/lot).

Trade is now risk free as 2nd half stops are moved to breakeven.

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June 29, 2009 1:30 pm (Manila)

BUY GBP/USD @ 1.6037
STOP - 1.5976
Limit 1 - 1.6067
Limit 2 - 1.6092

Pair has retraced this morning but has bounced off the 20-period MVA on the hourly chart. This point also coincides with trend lines and a fibonacci level. The impact of this morning's RICS Housing data in the UK should affect the opening of the Eurozone today.