Market Watch
EURJPY (BUY) - The pair has been downwardly passed the monthly oversold level and zero line. Although it will go down for some more, it is still presenting an opportunity to buy - Overnight we closed some of our positions and took a profit of 80 pips. We are still holding at 121.9238.
GBPJPY (BUY) - This pair has been in the monthly oversold area more than 6 months and MACD has passed the zero line nearly of that long. The weekly MACD is also on the underside, so this is a chance to buy it - Overnight we closed some of our positions and took a profit of 74 pips. We are holding positions at 148.8068.
NZDJPY (BUY) - This pair's monthly MACD and STOC have been on the underside and at the oversold level for nearly 4 months, so this is a chance for us to buy it - Overnight we closed some of our positions and took a profit of 53 pips. We are now standing aside a while waiting for another chance to buy it again.
USDJPY (BUY) - It is an opportunity to buy this pair when both monthly and weekly STOCs have been in the oversold area for more than 4 months - Overnight we closed some of our positions and took a profit of 100 pips. We are holding at 102.3770.
(Charts: Forex Trader)
Disclaimer: This is a personal analysis, not an actual advice, therefore we will not accept any liability for any loss and damage which may arise directly or indirectly from the content of these and future articles.