Hi ,
Trade Room Performance 01-10
+137 Pips for the day, +502 Pips for the month
Today 13 trades were taken returning +137 pips. You can view details of our trades at (Trading Record).
News Events & Trade Ideas For 01-07
There is no important news scheduled for today:
Trade Idea: Despite its recent upswing USDJPY is still in historic low territory. It has, in the last couple of days, again slipped back to under 83.00. My view is that USDJPY is looking to form a base and should find support again near its current level. The fundamentals also look good with Euro bond auctions in Portugal, Spain and Italy, together with US Treasury auctions in the next couple of days. If yields go up then the dollar should be boosted. The levels look interesting from around its current price at 8275. If this breaks then 8230 and the 8180 provide the next levels of support. If you are looking for swing trades then longs around these areas could be considered. (See USDJPY Day chart)
Safe trading
Paul Simpson
Visit our site at www.fxtraderscorp.com and track our trading results at www.tigerpips.com
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