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September 10th, 2008 at 10:35 am

Slow down.

in: General

Things have slowed down for somewhat for me, and, I think, for a lot of people. These big moves have settled down a little bit, like waves after the storm. Until new one comes, and it for what we know it might start tomorrow. Here is how intended trades look like now. First GBP-JPY
gbp-jpy-6.jpg

Price made new for this move, so my buy order was adjusted to 190.80, with a target of 192.00. On hourly charts it looks like this pair is trying to built a bottom. This process is going through some pains. This means, that if this area proves to be a bottom, it will be a significant one. But we still have to wait…..
Very similar situation in AUD-USD.
aud-usd-2.jpg

This buy was moved down to 0.8135, following the price path. Not much else to add.

Mike K.

image1.gif

 

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