Wednesday, May 14, 2008

Forex trade calls USDJPY trendline

Forex trade calls USDJPY trendline system.

USDJPY is overextended here and is unstable.  We’ll take a close below the trendline when it gives it to us.  We have US CPI news today.  No trading 30 minutes before news.

 

Update we did not take USDJPY short because UK unemployment was being released as the USDJPY touched trendline resistance.

 

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