Tuesday was high momentum day in JPY pairs as most took sharp dips and touched strong supports as they bounced back sharply , with indication of testing strong resistance ahead. Most of JPY pairs are forming nice trend continuation patterns. Look for Long opportunities
We have open this position based on our trading idea
let us know what you think of it at TradeCuts
Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts