Yen Trade Review- 01/08/07

Trade Review for January 8, 2007:

USD/JPY

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

Result: Currently down -25 pips. Targeting 117.60. I’m going to watch the market closely when it gets down to 117.00 because stochastics may be oversold at that time and I may consider exiting.

Total pips for the day: N/A