Greetings and welcome back to another week of trading.
Let’s take a look at one of our favorites – the EUR/JPY.
It seems we’re in a potential retracement from the recent move up, however, don’t expect to retrace too long as the underlying trend still appears to be bullish.
Using our formulas, look for a potential price projection of 117.23 and above.
Good luck with trading and be sure to apply your money management.
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FIX PROTOCOL
For any trader, hedge fund, developer, programmer or IT personnel who is interested in learning about Fix Protocol, there will be a 1 day training course on May 12, 2011 in Las Vegas, NV. You also get $50 off your registration if you mention “ROSS”. There is a minimum amount of attendees required to hold this seminar so please pass it on to your colleagues.
Here is a link to the event: http://guest.cvent.com/d/9dqt7k
