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See also: You can open a trading account hereRunning Trades-In GBP/USD On Friday, GBP/USD fluctuated at 1.2260. The trader of GBP/USD wants to look at 1.2285 to initiate upward movement. Additionally, they might look at the bulls around 1.2345. The previous week's high was near 1.2405, and several lows near 1.2470 in late May and early June may want to prevent the pair from moving higher if it breaks over 1.2345. In contrast, a loss below 1.2160 should cause GBP/USD costs to quickly cross over to the retracement level of the May/June collapse near 1.2100. Do not be afraid to risk the year's bottom of 1.1933 if the GBP/USD crosses 1.2100. Order Details: Symbol: GBP/USD Order Type: Buy Open Price: 1.21890 Take Profit: 1.24000 Stop Loss: 1.21000 Lots of sizes: 0.20 Status: Running Trades in a profit of $13.80
Running Trades-In EUR/USD EUR/USD fell from an intraday close to 1.0580 to a session low close to 1.0482. EUR/USD is in the purple at 1.0509 and appears to proceed toward 1.0500. EUR/USD traded sideways to 1.0520 after dealing with resistance close to 1.0550 in late trade. The pair have been risky in the 1.0444-1.0606 during the week, even though underlying triggers should furnish a decisive pass for the asset to pass. Order Details: Symbol: EUR/USD Order Type: Buy Open Price: 1.04220 Take Profit: 1.07000 Stop Loss: 1.03000 Lots of sizes: 0.20 Status: Running Trades in a profit of $20.60
Running Trades-In USD/JPY After the release of US financial statistics, USD/JPY continued to decline and touched a six-day low at 134.21. After improving from the 134.27 low, USD/JPY faltered in the early Asian alternate. The pair is at a significant level of 135.00 in a 90 pip range. It is variable to remain out modest. After a brief resurgence, the couple is trading at roughly 134.60/70, down more than 200 pips from Wednesday's multi-year highs. The next level of support is around 133.80 and below 134.40. Order Details: Symbol: USD/JPY Order Type: Buy Open Price: 134.870 Take Profit: 136.800 Stop Loss: 133.000 Lots of sizes: 0.20 Status: Running Trades in a loss of $0.50
Note! Forex beginners should remember that every trade cannot be profitable. The improvement of a clear strategy and money management are the keys to success in trading over a long period. Thank you all for coming to my journal logs and enjoying yourself with friends and family.