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Author: Jason Fielder
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I hope that you caught some of the large moves over the last few days he recent pullbacks that we have seen in the USD/JPY are good times o buy.
The USD/JPY has a positive interest rate differential, so the rice is more likely than not to bounce back. Look at buy when the SI (set to 4) closes below 30.
The USD/JPY moved higher during Friday's session after better than xpected US Trade Balance figures. The EUR/USD moved lower on the US rade Balance news. This pair closed at the 38.2% retracement after ropping 48 pips lower. The GBP/USD closed at the low prier to the revious retracement. If lower price continue, we could see 1.9546.
The USD/CHF closed above it's three week high Friday. We will have to see if the upward trend continues.
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