Sorry traders was expecting a bounce back after our near term target of 98.50 for a fresh short. Though was bearish but this move has even surprised me. But finally patience pays as USDJPY today made a low of 95.91 which means even our 1st short term target of 97.00 has been achieved and it has reversed just a few pips from our 2nd short term target of 95.50.
Friday, June 7, 2013
Thursday, June 6, 2013
USDJPY SHORT TERM STRATEGY - AN UPDATE
My near term target of 98.50 for USDJPY SHORT TERM STRATEGY (HIGH RISK) has been achieved. I hope a good number of traders have earned through this call. Even now the USDJPY pair looks bearish but selling fresh from these levels might prove a bit risky, traders should wait for a bounce back and then go short.
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