Tuesday 22 April 2008

Yen Crosses Fired Up & Record High for Euro Tuesday

European Session

No. of signal recommendations: 3

End-of-session results: GBP/JPY (+110 pips), EUR/JPY (+120 pips) and AUD/JPY (+40 pips)

Maximum potential: Over 280 pips !

US and Late Sessions
No trade

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While we remained neutral bias on the US dollar, our system has pulled up some surprises this morning. The system scored some strong results on the yen-crosses currency pairs, i.e. +270 pips by the end of london session.

It was also interesting to note that the Euro hit a record high today, finally breaching the 1.6000 barrier for the first time. Here is the Euro chart this morning which gave me an idea to go long.

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