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Forex Strategy Video: Trading Breakouts Like GBPUSD and EURJPY

Forex Strategy Video: Trading Breakouts Like GBPUSD and EURJPY

John Kicklighter, Chief Strategist

Talking Points:

• Breakouts are a favored trading opportunity for the speculative crowd

• Beyond a basic technical move, conviction is found in reinforcing fundamentals and market conditions

• The approach to trading breakouts can range between 'Aggressive' and 'Conservative'

Sign up for John’s email distribution list, here.

In a decisive move, the S&P 500 led US equities to a high profile bearish break. The risk aversion implications seem clear, but the fear is not yet spanning all assets and regions. Hitting a level of conviction that forces the speculative ranks to deleverage across all positions deemed 'risky' is critical for the US dollar's bearings as the benchmark currency is simultaneously dealing with a localized fiscal crisis. In today's video, we discuss the levels of risk trends; and how it presents different trading options in scenarios of sustained but moderate risk aversion (yen crosses), full scale panic (US dollar) and even a sentiment rebound (USDJPY).

Find help with your trades and trading strategy from DailyFX analysts with DailyFX on Demand.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.