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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