Greeting the Yen!

Good Evening Dynamic Traders!

It is a pleasure to return to the trading table after a sunny break!

Having been greeted by the predictable unreliable weather back in London, I was somewhat surprised to find my internet connection behaving in a similar fashion; one that is stifling my ability to publish notes successfully. This may continue until mid September.

What better blog to commence with than my very favourite, USDJPY.

Exactly a month ago (x refer BLOG June 15), the note promoted a southward sail. The prevailing wind has promisingly obliged to the tune of 400 pips!

A downward trend is also detailed on the 'big brother' screens indicating further earthward strength may be yet be left, encouraging the ship to head towards the zero at 90.

Below is the daily chart for this pair.

Note the recent breach of the determined range bound period since March this year, fostering further weakness in price.

Clustered with this we have a favoured breather in play, together with a dancing line-up!

However, a likely storm in the trend line on the horizon may cheat the desired direction.

Seasoned traders will not be deterred in the least by such behaviour.

A simple survey of your navigational instruments should already have determined the desired edge.

Allow your vessel to follow through!


USDJPY daily chart Advanced Get

Directed Trading!

Saba Jackson