Trading Forex Today

I have 2 open positions today that can be viewed at My Trade History.

The first was a short of GBP/USD 1.7310.  With the 3 hour charts showing an uptrend, I was looking for a swing off of the 38.2% fibonacci at 1.7330.  Currently it looks to be holding resistance there.  If the bounce doesn’t occur, I’ll stop of the position at the 1.7348, a couple of pips above today’s high.

The second trade was a short of USD/JPY at 119.53.  I was trading the bounce off the recent downtrend line.  Mainly the 4 hour chart shows divergence in the high price peaks  and momentum high peaks. 

Both are stuck in neutral territory right now (albeit a bit down)

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