Hi Traders
How long you involved on forex market...???
Trade a method that fits your personality. If you are like me and like hearing the cash register ring often then use day trading strategies. If you don’t mind waiting for profits to accumulate over time then consider using swing trading strategies. This is very important. Trade with what best suits your character. Be true with yourself and recognize what are your needs. My need is the gratification that frequent profits provide, no matter how small. It keeps me going...
The Japanese Yen (JPY)- hit day lows after the FOMC announcement but rebounded as strong buying on the crosses supported USD/JPY. Overall the USDJPY traded with a low of 10767 and a high of 108.42 before closing the day around 107.91 in the New York session
USD/JPY-According to the daily chart the stable bullish movement this pair has been showing since mid March is still intact. However, the hourlies and the 4 hour chats show that the typical range trading continues with both the hourly RSI and Slow Stochastic are floating in neutral territory. Forex traders are advised to wait for a clearer signal before entering the market n this pair.
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