Welcome! Dear Traders,you are reading my forex trading experiences. Forex trading is a very profitable and very risky business opportunity. If you are a beginner, calm down,have a cup of coffee, and convince yourself that you need to study hard to win in forex trading. Obviously, the task is not easy as the statistics claim that only 5% traders win in forex trading. If you are determined, serious,and hard working, you can surely be included in the group of winners.

FOREX TECHNICAL & NEWS ANALYSIS:USD SURRENDERED TO JPY

Finally almost all currencies surrendered to USD. The investors who have traded USD against JPY are hanging on the dilemma. After the London session USD gains against all other currency pairs. But JPY remains stronger than USD though the USD economic indicators come positive.The Chinese industrial production data were the key to keep the JPY stronger against USD.
Source:metatrader4.com
It is expected that the pair will have support at 101.200.But the upcoming USD and JPY data arising some confusions. Still a short term buy orders can be placed when the pair reaches the support level.
Published @ 8:41 PM,Thursday, March 13, 2014 (GMT)

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