Cable and Yen Trade Review- 01/10/07

Trade Review for January 9, 2007:

GBP/USD

Short at 9370; Stop Loss= 9400; Target= 9340; Target 2= 9300 (Originally posted January 9, 2007)

Result: +30 pips

USD/JPY

Short at market (118.50); Stop at 119.70; Target= 117.60 (Originally posted on January 4, 2007)

Result: -110 pips. The narrower trade balance gave the dollar an extra boost against the Yen to push it to our stop level.

Total pips for the day: -80 Pips