JPY Weakness to Continue – Currency Strength and Weakness for Tuesday 2nd September 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.
There were some very small movements on many pairs yesterday. Monday can often be slow plus there was a public holiday in the US and Canada yesterday.
Overall there is minor strength in the NZD and GBP.
Overall there is minor weakness in the JPY and CHF.
Trading Directions I am favouring for the next 24 hours
IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. 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.
Buy Trades – GBP/JPY, NZD/JPY, NZD/CHF, AUD/JPY
Sell Trades – NONE
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– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator