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Jul 8th 2007

Humpty Dumpty’s Corner - Forex Signal for 8th July

Humpty Dumpty USDJPY, forex signals, forex 2 years, 8 months ago
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Hello Again Forex Fans!

Well, the news releases on Friday were very interesting. Nevertheless, I am awaiting the London session to see there reactions for today.

There are a few pairs Ive been watching. I dropped you all a hint about U/J on thursday night. If you were paying attention, we all made some nice pips. I had also taken a short on U/CAD which I hadnt spoke about earlier and made some nice pips on there news also.

I do see some trending pairs on the charts that look hopeful. U/J is now sitting at the 100 fib line. (123.50) If it breaks its high from Fiday, I will be back in with another long. While it is a strong trending pair at the moment, I will warn you that when the yen is trending, virtually anything can happen, so keep your stops tight. The other YEN pairs are also trending, but are also at very high highs. I feel safer with the U/J at the moment.
U/Cad and E/Cad have my utmost attention right now. The 100 Ma’s have recently crossed and its looking bearish to me. All the indicators say short, but as I said, I am awaiting London’s move.

My call tonight is U/J. Long at 123.58. TP 123.80. SL 123.40

Remember, never to trade more than 5% of your account on one trade.

Good Luck!

Humpty