Mytrader_FX

Mytrader_FX Updated 

USD started to moved against JPY during Asian session. Although we could see weakness in USD across all USD pairs, we should be cautious when trading USD pairs as they are still moving in between range going into NFP. Take USDJPY for instance, it has been moving between 116.00 and 118.00.

Mytrader_FX Updated 

Hi fellow traders, I hope you guys are as excited as me going into 2017. At the start of London session today, i notice some weakness in both EUR and JPY . Hence, i sell it against USD which has been strengthening throughout the whole Asian session. What are your thoughts? Do you agree?

Mytrader_FX Updated 

At the start of London session today, i notice some weakness in both EUR and JPY . Hence, i sell it against USD which has been strengthening throughout the whole Asian session.

Mytrader_FX Updated 

USD has been strengthening at a decent pace throughout both Tokyo and London session. I was looking to Sell XXXUSD pairs. During mid London session, EUR and GBP started to weaken, hence i decided to short both EURUSD and GBPUSD

Mytrader_FX Updated 

USD has been strengthening at a decent pace throughout both Tokyo and London session. I was looking to Sell XXXUSD pairs. During mid London session, EUR and GBP started to weaken, hence i decided to short both EURUSD and GBPUSD

Mytrader_FX Updated 

JPY has shown strength throughout most of Tokyo session. I was eyeing to short XXXJPY pairs but could not decide which currency to pair it with yet. GBP and EUR were in my radar. During mid London session, GBP started weakened significantly. As a result, i shorted GBPJPY as GBP was the weakest while JPY was the strongest.

Mytrader_FX Updated 

As usual, it is important to identify the strongest and weakest currency whenever we wish to enter a position. During London session, EUR started to strengthen against JPY which has been weak for some time since the Asian session. Hence, the logical position to take is long EURJPY.

Mytrader_FX Updated 

Similar move as GBPJPY trade. We are trading the continuation of the previous sharp move.

Mytrader_FX Updated 

Several hours before FOMC , we saw significant strength in USD and weakness in JPY. USDJPY was the top gainer as USD and JPY in opposite direction. During the Tokyo session, I entered two Long trades on GBPJPY and USDJPY, expecting the trend will continue a bit more.

Mytrader_FX Updated 

The market has been relatively quiet since Monday . Perhaps, most traders are on the sidelines going into FOMC. At the open of London Session, I could see some weakness in GBP and strength in USD and JPY. I will be closely monitoring both my GU and GJ short as there is a high chance they could be a fake breakout.

Mytrader_FX Updated 

Post-election demand for USD continues to increase as London market opens. At the same time, we could also see the weakening of JPY and EUR. I was focusing on both USDJPY and EURUSD. Short position has been entered for EURUSD while USDJPY is still under my radar. I am hoping to see a decent retracement before going for long on USDJPY. Price for USDJPY is now near...

Mytrader_FX Updated 

During the Asian session, we could see weakness in Yen resulting in sudden momentum in most XXXJPY pairs. This is largely due to the rumor of the possibility that Bank of Japan purchasing foreign bonds.

Mytrader_FX Updated 

At the start of London session, it was quite obvious that GBP was weak while JPY was pretty strong. The demand in JPY is largely due to the failure of BOJ governor Kuroda efforts to weaken the yen. Across all JPY pairs, they are showing great downward momentum.

Mytrader_FX Updated 

Similar to GBPJPY short, CAD is another weaker currency during London session. Hence, i shorted CAD against JPY. Since, it is approaching 76.00 level, i will be closely monitoring this trade.

Mytrader_FX Updated 

An hour into London , we could see momentum build up for a short GBPJPY trade as GBP weakens while JPY weakens. Since, it is the last day of the week, please trade with cautions.

Mytrader_FX

Similar to GBPJPY short, NZDJPY is another pair which we could potentially gain some pips from selling it. Throughout the first half of London session NZD has been fairly weak. Hence, it is the most logical to pair it with JPY which is the strongest. 72.5 is a strong support, so please be careful when price is at that level.

Mytrader_FX Updated 

At the start London session, we could see strength in GBP across multiple pairs. Hence, i paired GBP with the weakest currency, in this case JPY.

Mytrader_FX Updated 

Similar to GBPJPY analysis.