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Buying the GBP/JPY – Currency Strength and Weakness for Tuesday 13th May 2014

Buying the GBP/JPY – Currency Strength and Weakness for Tuesday 13th May 2014

Hi Forex Trader,

I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.


My suggestions are posted by 6pm EST each day. 


Overall there is strength in the GBP with minor strength in the USD, CAD and AUD.

Overall there is weakness in the CHF and JPY.


Trading Directions I am favouring for the next 24 hours


Buy Trades – EUR/JPY, GBP/JPY, GBP/CHF, AUD/JPY, CAD/JPY, CAD/CHF, XAG/USD

Sell Trades – None


VERY IMPORTANT- PLEASE READ: These are not specific trades. Do not blindly place trades in the directions given below. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis. If you don't have your own trading strategy then email me here for help.


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To Your Trading Success.
Andrew

 


– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator