Markets are tight again making it difficult for trades that have best odds. But that might be a good thing since we approach holiday weeks. No reason to give back any money made this year going into year end just because you want to take a trade. Because of tightness will raise sell on jpy to next levels at 11385-95, and thin markets allow for spikes and stop runs more easily so would prefer to see hold before entry that will allow a tight stop. Also looking to sell eur/jpy close to 16450 this week. Chf sell the same as orders lined up from the previous posted level to 40 pips higher.
Author: Dustin Pass
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.