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Minyu2Fx

Thursday, November 1, 2007

First position in November

It's the screen shot of my latest position, just after the Fed cut the rate again from 4.75 to 4.50. Cable bullish and Yen bearish so it's a wild market for GPB/JPY. But with Asia session in the morning, I expect a retracement. I sell from 1.618 expansion area targeting 0.382 fibo retracement.


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