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Old 11-14-2008, 05:47 AM
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Good Morning

Good morning all.

Last night saw some ferocious pullbacks after our GBPJPY trade fell 350 pips, and one I like this morning to continue in that vein is USDJPY.
Currently trading at 97.24 this could go 100 pips this morning.
We've already seen the breakout of the triangle. A cheeky one here and then add to it after a couple of red on the trigger.

Keep a close eye on cable and euro. If they fall this may go nowhere.

Stop would need to be at 97.00 so not a massive risk and with 100 point potential to the upside it's a 5/1 chance
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