The downtrend on the yen crosses, which had started at yesterday’s London open, stalled at key support pivot points soon after the open of US equity markets during today’s New York session. The subsequent pullback in the downtrend provided fresh opportunities to buy the Japanese yen across the board. We used pivot points, currency correlation and inter-market analysis to identify a short trade entry on the EUR/JPY. Traders who took profit at the London close netted a solid 180 pips.

2008, Forex, OCTOBER, Review, Session, VIDEO, York