Recent trades taken on 10/6/2011
1. USD/JPY
Price has broken the 80.140 resistance level to the upside when it failed to move down.
I'm long on this trade and it seems price has been going in my direction. When price hits 80.482, I will be trailing my stop to break even.
Hopefully, price will hit my profit taking level at the next possible resistance level at 80.638.
2. EUR/USD
Price has hit the 50% fib retracement levels and closed above it on the daily.
There might be a long entry after the weekend as price reacts to this level.
If price continues to be bearish, I will look for short opportunites, as price might fall to 1.42464 or 1.39678.