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Currency Strength and Weakness for Wednesday 12th June 2013

BY , , , ,

Hi Traders,

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.

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The JPY has once again shown massive strength. This strength may well continue but there are also a few warning signs that it may not (or not yet) as many pairs have hit strong prior S/R levels. Overall be very careful if trading the JPY pairs today.

Overall there is strength in the JPY and CHF.

Overall there is weakness in the USD, NZD, AUD and CAD.

Trading Directions I am favouring for the next 24 hours

VERY IMPORTANT: 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

Buy Trades – None

Sell Trades – EUR/JPY, CAD/JPY, GBP/JPY, AUD/JPY, AUD/CHF, NZD/JPY, USD/JPY, USD/CHF

To Your Trading Success.
Andrew Mitchem