Taking into account the prevailing bearish pressure in the crosses with the Japanese currency, currency analysts at Barclays Capital doubt the likelihood of upward break in a pair of dollar / yen. While not covered in the resistance of 91.50/90, strategy has been in a downward projection coupled with the prospect of falling to the support of 90.30/10. As for crosses with the Japanese currency, the break of support level at 62.75 in a pair of the New Zealand dollar against the yen (now at 63.22) can become the catalyst for the growth of currency in Japan. At the moment pair dollar / yen is trading at around 90.74.
1 comment:
Nice information. In fx trading we need to learn how to get in late with currency dealings and get out early. You need to learn constraint to minimize your risk. When you're losing money don't increase money to try and recoup your loss. Minimize your risk and maximize your potential profits by watching the trends.
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