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Sunday, 22 November 2009 GMT
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Chart of the Day: USD/JPY
Tuesday, 13 January 2009 04:48:53 GMT
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In last Friday's Euro Trading Tips webinar, we talked about how the Euro seemed a little directionless after the strong moves at the end of last year.
However, we also noted how the USD/JPY seemed to pick up with the downtrend and looked as though it was ready to challenge the lows. This seems to be the strongest trending move right now, so we should use this pair to look for selling opportunities. Moves down through previous lows can offer some of the best and easily identified setups. Remember to trade with protective stop in the market and look for twice in profit as you are risking.
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