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    This blog consists of contributions from FX EDU staff, executives and people that have a relationship with FX EDU. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FX EDU policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FX EDU policy, please contact FX EDU through the firm's official website, www.fxedu.com.

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    Update on the NZD/JPY Breakout Trade

    By Sean Hyman | March 13, 2009

    Back on March 11th, I gave a trade idea. You can see the link here: http://www.forextradingblog.com/what-is-going-on-in-the-market/two-long-term-potential-breakouts-about-to-happen/ that showed the NZD/JPY was likely to breakout soon. Well, that was back at 49.63. Now we are at 51.47 (up close to 200 pips) with more to go. Next target is 55 to 60 which we should see in the upcoming days to weeks.  So get ready for more “kiwi” upside overall. Yes, there will be pull backs along the way, but overall we should be heading upward to these targets mentioned above. 

    Also, EUR/JPY is up about 130 pips from the chart snap shot in that article as well.

    The initial thoughts for these trades were the recent diving fundamentals in

    Japan…but the breakout coming I saw from a technical perspective on their daily charts.

    Spread the word to all of your trading buddies. Also, here’s the next steps to take:

    Get your practice account by clicking on the “Practice Trading” tab above. This way you can have FREE, real time access to the currency market to see what it is like or click here:http://www.fxedu.com/practice-forex-account

     

    If you want to learn more about this market, go here to get the most knowledge for the least expense and most convenience:http://www.mywealth.com/currency-trading.php

     

    For those of you who are at the point to where you are ready for a live account, start with a micro or mini account here:https://secure2.fxcorporate.com/fxtr/?plugin=0&locale=en_US_FX_EDU_LLC 

    Sean Hyman  


    Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

    Topics: What To Look At In The Market | 2 Comments »

    2 Responses to “Update on the NZD/JPY Breakout Trade”

    1. autopilotforex Says:
      March 15th, 2009 at 10:26 am

      thanks,for the information mr Sean Hyman.

    2. Sean Hyman Says:
      March 15th, 2009 at 10:20 pm

      You are welcome. Glad you are finding all of this to be helpful.

    Comments