Thursday, August 11, 2005

Near the End of a Good Run?

Yen hit 110.20 this morning, a target I set earlier in the week, and with both GBP/USD and EUR/CHF also having a go at their target levels. The sudden strong move of these positions did surprise me as it has materialised faster than expected. As a result, I have booked my profits, may be, a little bit too early?

Actually, I have decided to switch into EUR/USD and USD/CHF positions after spotting some fresh opportunities. Really, couldn't afford to hold too many positions at one time, right? For the two opened positions, I have some short-term targets for them.

Bought EUR/USD at 1.2384 Target: 1.2450
Sold USD/CHF at 1.2567 Target: 1.2480

Hope they can soon materialise too.

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