Looking to split total trade volume over more than one entry.
JPY Financials:
unemployment rates are released around mid night Tuesday London time with the figure looking to maintain at around 2.8 % like previous months.
providing medium - low news impact. I am waiting to find a re test of our Key support line and entry position at 112.718
USD turned around to test the 50 day EMA , but then rallied quite well to form a bit of a hammer. This doesn't necessarily point to the buyers coming back. However we do anticipate higher volumes coming in through the next few days as we come out of what was a bit of a holiday season that saw less volume through Fridays session. From this we may see some upward momentum making an appearance at some stage, hopefully at around our entry position !! otherwise we should look to re enter on the next pull back.
JPY Financials:
unemployment rates are released around mid night Tuesday London time with the figure looking to maintain at around 2.8 % like previous months.
providing medium - low news impact. I am waiting to find a re test of our Key support line and entry position at 112.718
USD turned around to test the 50 day EMA , but then rallied quite well to form a bit of a hammer. This doesn't necessarily point to the buyers coming back. However we do anticipate higher volumes coming in through the next few days as we come out of what was a bit of a holiday season that saw less volume through Fridays session. From this we may see some upward momentum making an appearance at some stage, hopefully at around our entry position !! otherwise we should look to re enter on the next pull back.