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Tuesday, June 18, 2013

$USDJPY 5 hours Trend Indicating downside while daily trend suggests some upside pull back exists ..But weekly and Monthly Both trend Firm Bearish - It would be wise to trade applying the below mentioned strategy

Above 94.86 Buy in small quantity for Immediate Upside target 96 - However before 96 If  prices violate 93.60 we are Vulnerable for Immediate downside crash targeting 91.70 - 90.45

Now @ 94.68

Weekly Sell Strategy Active - Once upside 96 is achieved then based on the realtime trend we shall build sell positions around 97.18 Levels for target 91.70
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