Monday, July 23, 2007


20070723 0836 GMT. With the assumption that we are now in a trend for the EURJPY cross rate, how can we best tackele where to enter in the trend? Moving down to the 30 min chart might be an idea, with the 20 and 100 moving averages providing the levels. RSI readings of overbought may also be a red flag to get ready to short.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart