USDJPY
Short:
entry @109.40, exit @109.15,
stop loss @109.60
EURUSD
Long:
entry @1.235, exit @1.238,
stop loss @1.233
Charts of the day:
USDJPY:
The strong down trend channel made in the last two trading days
confirms the bearish
position opportunity. The USD seems to be
very weak and every rose was on a short term.
We will look for an
109.40/50 entry into short position targeting @109.20/10
in the next 12 trading hours.
EURUSD:
The USD weakness on EURUSD is quite similar as the USDJPY. There
is a strong up trend channel formed
in the last two days.
We
will try a long position buying @1.235 targeting @1.238.
The
next 1.238 resistance test will probably fail so that a short
position is sugested after the 1.238 exit.
Valid until 08.20.2004 – 14 GMT.
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