USD Forex Trading Program: 06/12/2013

DailyFX

Still range trading USDJPY. After finding a top just shy of the 20 day midpoint at 99.35 (6/6 high at 99.46) on Monday, the USDJP fell through the large volume area of 96.52/62, dropping as low as 95.59 in late US trading yesterday. In true range fashion, price has crossed back above 96.62 and focus is higher towards the 6/10 close at 98.74. 97.51 is now interim resistance.

A USDCHF swing long was triggered at .9295 yesterday. The stop will be trailed as price action dictates.

Follow me on Twitter @JamieSaettele

Email List (Technicals sent in PDF form once a day)

Sentiment in the Forex Market

Full Technicals

FX Technical Weekly

DailyFX PLUS

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

Rates

View Comments (0)