Trading Plan 6/22/04
We are having another ugly quiet trading day. The
moves again happened overnight. GBP dropped over a
full cent and is currently lulled in a tight trading
range from 9am. I do not for see any fireworks in
afternoon or even the Japan session. We will get good
volatility in the European session. Germany & Frances
CPI #'s are coming out and the BOE minutes will be out
4:30am(eastern)tomorrow. This will give us a very
good in-site in how hawkish the BOE will be for the
coming months.
Today, just looking to make 5-10 pips and not to be
greedy. 10pips in this muddle is golden. Focus will
be GBP. Will draw my trends-lines and trade of them.
There really isn't any major support/resistance where
the GBP is trading.
GBP:
Resistance 1.8255
Support 1.8180 / 1.8045
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