Forex Review: JPY Pair

Friday, May 4, 2007

After an all assault of uptrend, finally Jpy pair are showing sign of slowing down. GJ have shown a short signal and is dropping for these few days. UJ is still climbing but at the moment having difficulty breaking 120.50. If it holds than we should see a big drop in all JPY pair. Anyway all depends on tonight NFP report. If its good then 120.50 will be broken. If its bad then we will see a new trend. Happy trading.