Resistance Territory

Good morning Dynamic Traders. Yesterday we profited from a good trade on the USDJPY set up as mentioned on the forex analysis. The USDJPY pair is still in the resistance territory and this pair is either going to produce a breakout or breakdown.

As Dynamic Traders we will stalk this pair and then pounce when the time is right. Second guessing is no different to gambling on the markets so patience is the key here.

The EURUSD tested bids at 15520 which indicates we may see a bounce to the 15630 zone tested.

House prices fell again for the ninth month consecutively and seems to be accelerating too.

Click Here For FREE FXCPS Update Notifications!


Good trading.

Forex Analyst
Javid Shaik