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5-30-08 00:38a GMT – USD/JPY pair is consolidating above former resisance (now support) at 105.40. Hourlies are overbought but I am looking for this support to hold. Trading Idea: Above 105.30 look for 105.8 and 106.3. If support is broken look for 105.00 and 104.50 Click here to receive my free forex signals [...] 5-29-08 9:08a GMT – UK housing data came in five times worse than expected and was the cause of the rise in USD across major pairs as traders feared that the a global recession could be closer at hand. If more bad data continues, especially in light of hawkish comments by the Fed on [...] 5-28-08 6:52a GMT – GBP/USD is testing trend support (over the past couple of trading days) and I expect the general uptrend to continue. GBP got oversold and should recover. Trading Idea: Look for bullish candlestick to confirm the trade and then enter long with targets at 1.9790 and 1.9825. If support is broken [...] 5-28-08 GMT – GBP/JPY is approaching trend support (over the past three days) currently around 205.35 Trading Idea: Look for bullish candlestick to confirm trade, then go long with targets at 205.8 and 206.1. If trend support is broken look for targets at 205.00 and 204.80. Click here to receive my free forex [...] 5-28-08 6:28a GMT – A bullish doji is forming on the USD/JPY pair near former resistance trend line (now support). Trading Idea: If the candlestick closes as a doji on the 60M charts (30 minutes left) I will buy 2 lots, one with a 20 pip target, the other with a 40 pip target [...] |
  
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