05/26/2011 12:46 UTC JPY swings higher as it strengthens against the USD, EUR, GBP, AUD and CAD. Recent mid-term strength indicator reading for JPY is 6 out of 8, thus suggesting that the current swing may be sustainable.
The following pairs may gain the most from the recent swing action:
The Swing Technical Overview Report (STOR) is brought to you by Signal Factory’s Institutional Forex research team. The report covers the USD, EUR, GBP, JPY, CHF, CAD, AUD and NZD. Subscribe now to one of our offered signal providers and get Swing’s Technical Overview Reports immediately upon publication.
Opinions, market data, and recommendations are subject to change at any time. You are reminded that we are not responsible for any losses that may result from whatever action you elect to take based on our inputs. All information that we are providing is strictly for educational and demonstration purposes only and should not be considered as a recommendation to buy, sell or hold any foreign currencies. We are not liable for any actions that a subscriber is taking or not taking. A decision to trade in the Forex market is made at your own risk.