USD/JPY Mid July

July 25, 2007

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

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”

Picadilli on January 26th, 2008 12:57 am

this pair found lots of support around 95 huh?

Picadilli
hazzard on July 29th, 2008 2:12 pm
BUYJPY on July 30th, 2008 3:54 am
fxoide on January 6th, 2009 7:47 pm

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