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:
95.60Counter-trend opportunities: -
Strategy:
Whilst above the weekly trend reversal level, buy dips to support levels afteran 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