Hi All,
Hope all you guys had a nice weekend. Now the new week brings with it new opportunities. Will it be bullish or bearish? For any good trader, it really should not matter. I feel that it would always be best to close all your open trades before the weekend unless you are a long term trader. This could mean that you might have to close it with a loss but so what? When we dont know what is going to happen next minute how do we know what might happen in 2 days time. So close it over the weekend, enjoy your weekend and adapt yourself to whatever the currency does in the new week rather than sitting and praying and fretting and fuming over the weekend trying to find what way the trend would go in the coming week and praying that it goes in the direction of ur trade. Always follow the market and dont try to predict what the market is going to do. This is much easier.
Below are the supports and resistances for the JPY crosses for today :-
USDJPY - Important support at 115.58. If that is broken, next support is at 115.25 which is a very strong support and the final major support is at 114.84. On the topside, the resistance is at 115.97 and then at 116.40.
EURJPY - Important support at 157.81. If that is broken, next support is at 157.41 and the final major support is at 156.95. On the topside, the resistance is at 158.26 and then at 159.05.
GBPJPY - Important support at 232.81. If that is broken, next support is at 232.06 and the final major support is at 231.20.On the topside, the resistance is at 234.12 and then a major resistance at 235.02.
If you want to join my trading group/managed accounts, pls mail me at kartram.77@gmail.com
Happy Trading!!!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment