Monday, August 11, 2008

Bullish on USDJPY

Market expects the Fed to raise interest in the next 12 months and the worst for the US banks may be over. These are bullish signs for US dollar.

MACD and Parabolic had signaled buy, so this means a buy from my system for USDJPY.

Bought 10,000 USDJPY at 109.90
Stop level at 108.80
Target level at 111.00


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