Buy USDJPY Now/Win 200 pips (27/03/2013)

A potential opportunity to make a 200 pips profit by buying the USDJPY has arisen under the daily timeframe.

Read about the Trend/Wave/Extreme system here.

USDJPY (Daily) Buy


 

Why Buy

–          JPY weakness has been  a top story for the last couple of month

–          A continuous Up-Trend pattern

–          Trend indicators are pointing Up

–          Majority of extreme indicators are pointing oversold indicating the down move being experienced is over

–          Two consecutive up candles have been formed

Note: The next resistance is at 96.70 which is 200 pips away

Read about the Trend/Wave/Extreme system here.

The following is an analysis of the currency markets using the Trend/Wave/Extreme system . You can read about the system here. Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.