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EUR/JPY Proves A Winner Today
By Benny Nardino | March 13, 2008
As highlighted in my earlier post today, I sighted the sterlings’, weakness against the yen - GBP/JPY.
Things went better from early morning forex trading hack. Interestingly, the EUR/JPY was tracking this cross at the same time.
With Gold and Oil prices hitting new highs today the effect was also evident on the volatility of the market and the dollar dumps.
I took a position at 156.32 having been taken out on my early morning trade with +3 pips gain. However, I managed this position to 157.40 before my set limit order took me out.
On your left is a EUR/JPY chart analysis and how it played out for me today.
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