thetradersclub-Daily reports USD/JPY

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March 19, 2009 [ FOREX REPORT ]

USD/JPY

Weekly Trend direction: Bullish

Weekly trend reversal level: 95.60

Key G7 support levels:

95.60

Counter-trend opportunities: -

Strategy:

Whilst above the weekly trend reversal level, buy dips to support levels after

an entry signal

Today's trade suggestion:

We have dropped back to the weekly reversal level at 95.60. For now, as we cling to

support here, the strategy remains unchanged: Buy dips, stops below 95.60, target 100.

Summary: Buy dips to support levels, stops under entry signal, target 100.00 and

then 105.00
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