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(31 Mar Europe) Latest Impact: USDJPY - Losing appetite!

 

            The USDJPY is staying within a narrow range for now holding the 9600band the whole month, and such narrow pricing for the whole month is translated onto getting ready for a trend.

 

Holding the buy signal as long as daily close is not below 9650 is favored, and reverse the signal when the daily close shows the 9650 and below band.

 

Heavy data at the end of the week between ECB, G20, & NFP is dislodging the bullish market in Dow Jones and traders are waiting for G20 decision. I don’t believe G20 decision will change anything since they do not want to ‘re-organize bankruptcy’ and instead prefer to bail out ‘failed companies.’ The more the bail out is on the run, the more the devaluation of the dollar package becomes strong.

 

Long USDJPY 98.50; TP 55pips; SL daily close below 9650 (Reverse the close and target becomes 100pips, then SL should be set @ 9850).

 

 

 

 

Weekly Signal Résumé

 

(11 Mar) GBPCAD: Sell 17977; TP 15pips (Mission accomplished Mar 13)

 

(04 Mar) GBPJPY: Long 14020; TP 55pips… [Target met late US Session on 04 Mar]

 

26 Feb: (Limit Order): Sell GBPUSD @ 14000; TP 15pips [Target met 02 MAR]

 

20 Feb:  New Signal: Long EURUSD @ 12720; TP 15pips (Target met late evening 20Feb)

 

13 Feb: New Signal: Long GBPAUD @22000; TP 55pips (target met 15 Feb)

 

10 Feb: Short EURUSD @ 12702; TP 15pips (target met 15 Feb)

 

Long GBPSGD @ 21890; TP 55pips: Feb 05 Mission Accomplished.

 

(Position working of 30 Jan: Buying AUDNZD @ 12600; TP 13200 is an ok trade as long as 12255 is not seen again.)… (Feb 03: Move stop to 12400); Feb 05: Move stop to Entry Level. Feb 09 – position stopped breakeve although 120pips were given.

 

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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