For those of you that were following this pair, I posted yesterday that I was watching for sells at the 103.85 to 103.95 area. The combo sold off from there to 103.35 area for the 40 pip target we were looking for.
For traders interested in trading the news, the JPY reacted to the Jobless Claims news this morning. Traders reported taking anywhere from 30 to 50 pips of profit on a buy called by the RSS news service.
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.
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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.
