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Thursday, 30 May 2013

LONDON OPEN - Roundup

Overnight the JPY has strengthened and the USD has weakened.
AUD, EUR and GBP all printed bullish engulfing bars yesterday against USD, which is a good sign for longs against USD.

If you took yesterday's first MTFM long entries on EURUSD and GBPUSD, they are still open and in profit. On EURUSD, beware of last week's high at 1.2997. This could be a good place to take partial profit or move stop to break even if your trading strategy calls for these measures.

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