Let’s take a look at the EUR/JPY.
We just broke a major trendline and we’ll have to see if this trend line will now start to act as support for a rising market.
In the shorter term, look for the pair to potentially head up to the 117.50 – 118.00 area and above.
For those traders in the United States, we want to wish everyone a happy and safe 4th of July holiday weekend. Remember – if you’re in any trades, the markets may be very volatile today and the early part of next week.
Good luck with trading.
C2FX Trade Sheet (As of June 1, 2011)
• +4,462 long term pips
• +1291 pips short term trades
• +50-100 pips per week average on quick trading
To find out more about the C2FX Forex Trade Sheet, visit www.ProPipper.com.