New Sell GBP/JPY Order 02.05.14

New order for GBP/JPY. Remember, we allow for 2 live trades at any time. If we think an order should be canceled we will message you

1. Sell Order for GBP/JPY


Place Order to Sell GBP/JPY at 163.61

Stop at 164.61

Close half at 163.11, move stop to break-even

Close rest 162.61

Weak UK and US data is driving GBP/JPY lower this morning and we believe there’s scope for further downside. If the ISM non-manufacturing index falls short of expectations like ADP we could see a swift move lower in the Yen pairs as USD/JPY takes aim at 100. So far this week, the largest downside surprises have been out of the UK which is why we like buying the Yen vs. the Gbp. Also the 163.70 is an important support -- below this level we don’t see any significant support until 160.

We still have the following 3 New Orders for the euro going into the ECB Rate decision. Remember, we allow for 2 live trades at any time. If we think an order should be canceled we will message you

1. Sell Order for EUR/JPY


Place Order to Sell EUR/JPY at 135.77

Stop at 136.77

Close half at 135.27, move stop to break-even

Close rest 134.77

2. Sell Order for EUR/AUD


Place Order to Sell EUR/AUD at 1.4943

Stop at 1.5043

Close half at 1.4893, move stop to break-even

Close rest 1.4843

3. Sell Order for EUR/CAD


Place Order to Sell EUR/CAD at 1.4770

Stop at 1.4870

Close half at 1.4720, move stop to break-even

Close rest 1.4670
Swing

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