Sell JPY pairs with tight stops

On October 29, 2014 | By | In Currency forecast

We were waiting for JPY pairs to break the uptrend channel lower lines to enter our short trades for GBP/JPY and USD/JPY yesterday. As the lines were not broken, our pending sell orders didn’t open. That was very good, as ...

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Sell JPY pairs if they break the uptrend channel line

On October 28, 2014 | By | In Currency forecast

Yesterday we were still buying GBP/USD from 1.6062, as I suggested keeping this buy trade a little bit longer with stop loss order moved few pips higher than entry price. Our profit target was fixed at 1.6125 and it was ...

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Closing JPY longs and entering JPY short trades

On October 27, 2014 | By | In Currency forecast

We bought GBP/JPY, GBP/USD and EUR/JPY on Friday and some of our positions have already been closed in profit. Our GBP/JPY long trade from 173.30 was successfully closed at 173.90 with 60 pips of profit. Our EUR/JPY long trade from 136.77 is ...

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Buy JPY pairs and GBP/USD

On October 24, 2014 | By | In Currency forecast

Yesterday we sold EUR/USD from 1.2673 and our profit target was set at 1.2615. It hasn’t been reached and the price is retracing back to our entry level. Right now it’s floating at 1.2640. My recommendation: move stops to break ...

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Sell EUR/USD on a bounce and USD/JPY on a breakout

On October 23, 2014 | By | In Currency forecast

This week we sold JPY pairs and moved stops to break even levels.EUR/JPY trade was very successful, as we closed our sell trade from 136.76 at 136.36 gaining 40 pips of profit and entered another sell trade at 136.24 with ...

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