Monday, August 17, 2009

USDJPY Small downclose for 17 Aug 2009


Hi all,
choosen USDJPY as the pair to concentrate today as its more trendy compared to EURUSD.
Expecting a smaller downclose as sellers try to break the 94.40 support today.
Market volatility and strength seems to be thin at the moment, so do take note of reasonable target when trying to scalp USDJPY today.

If sellers are unable to gather sufficient strength to close lower today, USDJPY should be a small upclose day between the 95.30 to 95.80.

So trade well and trade safe.

Regards,
Siwei