Greetings.
Let’s take a look at one of our favorite pairs to trade – the GBP/JPY.
It does seem there is potentially more room for more upward movement, however, 134.00 is a strong resistance area so this is definitely an area of caution.
If we can break and break away from the 134.00 price, then look for a higher move up to the 135.00 – 136.00 price area.
Good luck with trading and have a great weekend.
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Visit www.c2fx.com or email me for more information at ross@c2fx.com.
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For any trader, hedge fund, developer, programmer or IT personnel who is interested in learning about Fix Protocol, there will be a 1 day training course on May 12, 2011 in Las Vegas, NV. You also get $50 off your registration if you mention “ROSS”. There is a minimum amount of attendees required to hold this seminar so please pass it on to your colleagues.
Here is a link to the event: http://guest.cvent.com/d/9dqt7k
