The position automatically closed at 107.66. About 7 hours left to US Employment Report and I would prefer to reduce the size instead of closing it but if I had more flexibility. (background of this trade)
August 1, 2008
30 pip profit from the first position
I sold USDJPY yesterday, at 107.96 in about 4 hours before US markets close. It was when the GDP had been reported and dollar temporarily was strengthened thanks to dropping oil prices which itself was in response to possibility of lower demand.
The position automatically closed at 107.66. About 7 hours left to US Employment Report and I would prefer to reduce the size instead of closing it but if I had more flexibility. (background of this trade)
The position automatically closed at 107.66. About 7 hours left to US Employment Report and I would prefer to reduce the size instead of closing it but if I had more flexibility. (background of this trade)
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USDJPY touched its daily support before the German Retail Sales report. The report came worse than expected and yen appreciated against Euro, pound.
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