We have a USDJPY scalp done for the day off a high percentage 1 hour trendline. We are setting up for a breakout now. There might be one more scalp bounce intraday off the 15minute td lines. Try to confirm USDJPY and USDCHF today for added confidence per trade. EURJPY GBPJPY are moving in chop consolidation; avoid trend trading or breakout trading for a while on these two. News today was very bearish for UK and EU. Let's see what US has for pending home sales for the remainder of the day.
Wednesday, May 7, 2008
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