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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

    Jan 20, 2010
    Likes Received:
    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
    Spot Forex Trading Plans Across 28 Currency Pairs
    $19.95 per month

    2-14-2012 Man Session NZDJPY Buy Signal.

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