Friday, July 24, 2009

Usd/Jpy Looking long term

Currenty up 123 pips on the Usd/Jpy. I took profits along the way at specific targets and still have a portion running.

The week roi is about to cross up, but I am guessing we will have some bear before we see a large bull run up. The ROI on the week tends to take a little time, sometimes a few weeks to really commit to that direction.

New resistance has formed so I am locking in profits.

Exciting week ahead!

I look forward to an exciting week ahead. A number of 'key' pairs will have Day X's and I believe that we will be looking for some quite large runs.

I am watching and waiting on the USD/CAD to hit a key target of 1.0783 and then become a powerful buy. I am seeing that this could easily climb 800 pips in a matter of 10 trading days.

We will also be having a Day X on the Eur/Cad, GbpUsd, EurUsd, and the Kiwi, NzdUsd.