USD/JPY
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
March 16, 2009 [ FOREX REPORT ]
USD/JPY
Weekly Trend direction: Bullish
Weekly trend reversal level: 95.60
Key G7 support levels:
97.50/20, 96.30, 95.60Counter-trend opportunities: -
Strategy:
Whilst above the weekly trend reversal level, buy dips to support levels afteran entry signal
Today's trade suggestion:
After last week’s dip to 95.60, the rally which followed was definitive. We are now back
near the highs, and poised to try to reach, and break above, 100.00. Don’t be surprised if
we have a dramatic rally in this pair this week, with a break above 100, setting us up for a
fast rise to 105.00.Buy dips to supports and hope to catch the move!
Summary: Buy dips to support levels, stops under entry signal, target 100.00 and
then 105.00
thetradersclub.com