Out of 7 USDJPY forecasts compiled in the beginning of the year, 6 appear to be wrong. It is 11 months too early to tell but does not bode well. Price takes the path of least resistance – JPY charts suggest this ‘least resistance’ path is down.
What do you do when you have a question in your head like ‘I want to short JPY but I don’t know which JPY cross is the best trade?’ To pick the winning forex pair that will give you the best performance for your trade idea, one way is to build an overlay. #forextip
24 hours after June ’16 FOMC statement, CAD remains weakest currency against USD, JPY strongest. In general shorting JPY-crosses is a winning trade.
We look at 6 yen crosses specifically GBPJPY, AUDJPY, EURJPY, CADJPY, NZDJPY and USDJPY using a number of methods to determine the best choice to trade.
6 currency pairs with high probability Tflow® setups for swing traders. They are with-the-trend, have strong confluence and waiting for confirmation only