ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
(23 Jan Europe) Latest Impact: BOJ intervention?
The FX market is in trouble and it is setting for a continuous starting week good rally where dollar strengthening vs. euro is of no escape, weakening vs. yen, overshooting vs. sterling, and fortifying vs. aud. You should not insist on keeping the recovery trade working of yesterday’s US session and we exited GBPJPY (price now 12200) as its daily close formation of hammer on Wednesday will see a broken low . There intervention of BOJ is far from reality still, as the strength of the yen is already in the calculations and too late for BOJ to intervene.
Weekly Signal Résumé
GBPJPY closed breakeve (although 220pips have been made) as the rally did not last
15pips GBPUSD Mission Accomplished; Reminder: Short 15000 (Revise ForexSurvivor Weekly Weekend Newsletter 09 Jan 2009).
2 Positions GBPAUD closed this week (05-09 Jan) with 15pips each. No open position left.
Risk Certification
The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
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