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Thursday, 18 March 2010 GMT
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USD/JPY
Friday, 16 October 2009 20:03 GMT
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- Mar, 16 March 16th FOMC Meeting
- Mar, 15 The Economic Calendar
- Mar, 11 EUR/CAD
- Mar, 10 AUD/CHF
- Mar, 09 GBP/AUD
- Mar, 08 EUR/AUD
- Mar, 04 Trading the Nonfarm Payrolls
- Mar, 03 EUR/USD
- Mar, 02 EUR/AUD
- Mar, 01 GBP/AUD
- Feb, 25 Relative Strength
- Feb, 24 EUR/CAD
- Feb, 23 EUR/AUD
- Feb, 22 EUR/USD
- Feb, 18 EUR/CAD
- Feb, 17 Identifying Trade Setups
- Feb, 16 AUD/CHF
- Feb, 15 EUR/AUD
- Feb, 04 Trading the Nonfarm Payrolls
- Feb, 03 EUR/USD
The USD/JPY is in a strong downtrend and looks to be turning back to the downside after a rally off of the lows. One could sell on the next move down through support and place their stop above either resistance level. That could give an entry just below the 89.50 level with a buy stop either in the 90.25 area or the 90.50 area. Both offer limited risk and the opportunity to realize twice in profit as the risk.
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