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Current JPY Trading Plans

Discussion in 'Commercial Trade Journals' started by Mark Mc Donnell, Feb 15, 2012.

  1. Mark Mc Donnell

    Mark Mc Donnell Forex Early Warning Representative

    Joined:
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    On an overall basis the JPY is weak and many of these pairs like the AUD/JPY, CAD/JPY and USD/JPY need to consolidate before planning new buys since they moved up most of the day. Pairs like the CAD/JPY have excellent upside potential and a strong uptrend. But these two pairs look okay to trade.

    GBP/JPY – D1 uptrend in place, set buy alarm at 123.35, room to move up to 125.55

    NZD/JPY – strong uptrend, set buy alarm at 65.55, potential up to 68.00

    When the price alarms hit verify any buy or sell entries with The Forex Heatmap ™ and look for EUR strength or cross currency weakness or both.


    Good Trading
    Mark Mc Donnell
    www.forexearlywarning.com
    Spot Forex Trading Plans Across 28 Currency Pairs
    $19.95 per month

    2-14-2012 Man Session NZDJPY Buy Signal.
     

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