Two Great Trades on GBPJPY 29 June 2012

Two defeats for Germany to swallow this morning.  The first was last night on the football pitch when Italy took them out of the Euro championships and overnight they were ambushed again by Italy and Spain into agreeing to ease the rules on using bailout funds to help support Spanish banks.  The overnight forex trading session was particularly lively resulting in both the euro and aussie surging higher.

By the time we came to this morning’s trading room some of initial euphoria had died down so it was a sluggish start to the session.  However, we managed to find a great trade on the 2min gbpjpy pair which gave us 61 pip profit and at time of writing this pair has provided another great trade, but this time to the long side.

You can find the recording on my youtube channel at this link.  The recording ended before the trade ended but below there is a screen shot of the close out of the trade which was on a touch of the crash barrier.  One this occasion the trading room was hosted by my husband and trading partner David.  The screenshot below also shows the trade to the long side.



About Anna 1054 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

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