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USD/JPY Mid July

July 25, 2007

As you can see by the chart, todays trend is down.

 usdjpyjuly.gif

I have been trading the usd/jpy for a while, traditionally I make the pips in the trend. The only way to know when the trend is in effect is to know how to read the “right” indicators.   Specifically,  learn how to use and read Pivots. The usd/jpy is the only currency that bounces off of its pivots meaning it can come to a dead stop on a pivot and turn right around and go back where it came from.

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Written by MoForex · Filed Under USD/JPY 

Comments

4 Responses to “USD/JPY Mid July”

  1. 4
    fxoide Says:
    January 6th, 2009 at 7:47 pm

    its gone down so much huh?

  2. 3
    BUYJPY Says:
    July 30th, 2008 at 3:54 am

    I dunno, i think USD is in trouble here, risk aversion will renew itself and cause JPY buy support. But im just spitballing

  3. 2
    hazzard Says:
    July 29th, 2008 at 2:12 pm

    I think the USD will gain versus the JPY but not by much, maybe it will go sideways rangebound this month

  4. 1
    Picadilli Says:
    January 26th, 2008 at 12:57 am

    this pair found lots of support around 95 huh?

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