Everything else seems to be moving a lot, so way not the currencies? Another big day. Across the board. Good moves in all JPY crosses. The dollar pairs were not behind, with dollar loosing ground. The yen weakness aided my cause, since I’ve been on a buying spree in GBP-JPY. Beast did not disappoint me, making very nice charge to 197.00 .

One trade today. Bought on a breakout above 192.00, with entry at 192.10. My target was 194.00, for nice 190 pips. After that price just ran away from me, not giving other entry point. Over last couple of weeks I took a lot of trades in GBP-JPY, with my overall target of about 198.00. Now that the price is so close, I’ll probably find a new “best friend”. More about it after the weekend.
There was one more trade I talked about on these pages, a buy in AUD-CAD.

This one also worked as hoped for. Entry was at 0.8625 and objective of 0.8725. Turned out to be fairly quick trade for 100 pips gain.
Overall I had a good week, even though I missed a lot of action early on because of my travels.
I’ve been looking closely at NZD and AUD lately and after the huge drop these currencies experienced, I’m slowly turning bullish on them. I will post something tomorrow about it, so come back and check it out.
Have a great weekend!

Mike K.