• Short Entry:  96.347
• Initial Stoploss:  97.353
  

Also, a quick update on my other positions: I'm still short EUR/AUD from way back in the beginning of April. This is the second, risk-free half of my position. The pair's in a bit of consolidation right now, but the overall trend is still down, so I'm still bearish and hanging tight.

I closed out half of my USD/CAD short about a week ago at 1R profit, and then the pair spiked and took out my breakeven stoploss before resuming the downtrend. So a small profit there.

I closed half of my GBP/JPY long yesterday after my trade hit 1R, and I'm sitting on the other half of the position risk-free. This pair seems to have a lot of upside potential, so I'm going to keep my stoploss at a safe distance (just below the rising trendline).

Update 5/29/09 8:45 PM:  USD/JPY moved nicely in my favor today, and I've moved my stoploss to breakeven.  I think at some point during the day, it had reached my profit target of 1R, but I didn't get a chance to get out of half of my position.  Hopefully Sunday night I'll get the chance to do so.  Still holding on to my GBP/JPY and EU/AUD positions.  Have a great weekend all!!