The fall in USD/JPY (96.70 at time of writing) shows no sign of letting up and EUR/JPY has fallen to 133.30, which was a series of previous highs which should now offer some minor support. Below here, and we look set for a big fall to the major trendline at 130.65.
Minor technical support at 133.30 in EUR/JPY
Source: www.forexlive.com
Read more...
FOREX-Euro edges up but markets skittish
The euro rose against the dollar on Monday as risk-averse sentiment eased on improved economic data and as stocks pared losses, but markets remained skittish before key central bank events and U.S. jobs data this week. European stock markets shed losses made at the outset on news that CIT Group...
Eur/usd hits session highs above 1.4040
Eur/Usd is currently grinding out new highs for the day above 1.4040. So far it hasn’t been a stellar ascent more of a relentless grind higher, the absence of any selling interest in the 1.4030/40 area, unlike last time, has emboldened a few bidders to aim for the next level of offers at...
Interesting look at economic sausage-making
One interesting nugget in this behind-the-scenes view of economic policy-making in the Obama Administration is the view that Ben Bernanke just might be reappointed when his term is up in...
My LMT Forex Formula Trades - June 11 Update
Hello everybody. I thought I’d make a quick post to update you all on how my testing of Dean Saunders’s LMT Forex Formula is going. So far so good, I’m making profit. Granted it’s all on a demo account for now, but in the next week or two if performance remains stable I will...
FOREX VIDEO REVIEW: London Session June 23, 2009
While we had a fair amount of trade plans during today’s pre-London and London session, in this video I focus entirely on one particular GBP/JPY short trade plan that ended up a nice 130′ish pip trade for about 22 pips of risk. In this video we take a look at how something seemingly as...