After yesterdays success with the Eur/Jpy pair where both our Take Profits were hit giving us +150 pips,the Yen pair for today is the Aussie-Yen.
The overall out look is for a stronger Yen.
Best
TradeCuts
The dollar pushed higher against the yen on Wednesday as market sentiment was supported by hopes that a solution on a bailout deal for Cyprus would be found. Aussie-Yen didn’t do very well yesterday and hit our stop loss giving us around 65-70 pips loss.
Todays Yen pair is GBP/JPY and technical analysis says outlook is a neutral to strong yen.
If you take this trade let us know how it works out for you.
Yours Technically,
TradeCuts.
A fantastic day yesterday with 100% success rate with Yen pairs. Here’s a look at the Before & After Chart for Gbp/Jpy for 21st March
Best
TradeCuts
