18/04/2011 – GBPJPY Short

Hi, Just getting back into the swing of posting with a quick post on a Growth Account Trade which triggered overnight.

I had a Short order for GBPJPY to short at 135.17 with a stop at 136.33.  Overnight the trade has triggered and at one point was about +80 in my direction.  There appears to be a great deal of support around the 134.30 – 50 level which also sits nicely in the 50-62% retrace from recent highs. 

 As per my rules the stop has already been trailed and is now about a third of the way to entry.  Looks like a good deal of support is there so we’ll see how far it bounces off it. Will keep you posted.