Market Alert | USD/JPY | 20 November 2012

The USD/JPY currency pair reached a zone of prospective resistance during Tuesday's New York morning trading session. Japan's currency could find traction against the US dollar -- as well as other major currencies -- from here, but conservative FX traders would be well advised to await some form of change-of-trend confirmation before shorting a yen cross.

Seeking 1-on-1 mentoring? Email me >> curt (at) fxbootcamp (dot) com

Curt Wehrley
Twitter: @fxcoachcurt
FX Strategist & Trader Coach
Licenses: Series 3, 34
FX Bootcamp

Views: 74

Comment

You need to be a member of Forex Social Network to add comments!

Join Forex Social Network

Members

© 2014   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video