157.00 is a major psych level so this one is being closed out early.
Update:
Blog notification emails tend to be delayed so for trade updates jump in the free Forex4Noobs chat room to see me trade it live or refresh the blog every min to see when I close out.
Important Update:
This trade could have been a trade or a pass. At the start of the week I write on a word doc what I consider the important news reports for the week.
I do not really consider the USD existing home sales important in relation to GBP/JPY so I did not that put that one on my list. However, it looks like this line only broke as the news report was released.
There are some people who took the trade seeing that it had been pushing up for 40 min or so before the break and some that skipped it because of news.
Anyway bottom line is I will not officially count this trade as a winner since even though it hit profit and I am sure many of you made pips the actual break happened as the news report was released.
However, I do not think the move was all news based. EUR/JPY broke its S+R line before the news and GBP/JPY was pushing up and heading for the scalp long before the news.