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Yen crosses did well last week

Amogh Updated 12 June  in #Trader's blog #Trader Contest
My yen crosses trades were like this last week. It was profitable with few trades bearing losses. However, overall a better week.
SELL 5.000M AUD/JPY @ 82.958, SL 83.220 (26 pips), TP 82.500 (46 pips)
SELL 4.238M EUR/JPY @ 128.487, SL 128.250 (-24 pips), TP 127.500 (99 pips)
SELL 5.000M GBP/JPY @ 146.493, SL 146.250 (-25 pips), TP 145.650 (85 pips)
SELL 5.000M AUD/JPY @ 83.093, SL 82.700 (-40 pips), TP 82.051 (104 pips)
Next week is full of event risk specially with Fed Interest Rate Decision wi…
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Yen crosses uncertainty

Amogh Updated 12 June  in #Trader's blog #Trader Contest
With the weekend G7 summit market risk yen crosses reacted to uncertainty and broken key support levels to end the week. However, there was slight bounce from this initial fall. It will be very interesting to see how the market and yen crosses react on the first trading day of next week. Japanese market to decide the fate of the crosses and also the result of G7 summit. Went flat and closed all the positions headed to weekend. Looking to reinstate short trade again.
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Yen crosses on the brink of collapse amidst G7 summit

Amogh Updated 12 June  in #Trader's blog #Trader Contest #Yen Crosses
With the weekend G7 summit market sentiment is anti risk. so risk appetite is off right now. All the yen crosses are heading down. I have already made a quick profit on eur/jpy opened at 129.05 and booked profit of 40 pips at 128.65. Looking to reinstate short trade again. Here is the perfect setup for eur/jpy short trade. Chart shows it all.
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Booked profit on GBP/JPY long trade

Amogh Updated 12 June  in #Trader's blog #GBP/JPY #Trader Contest
Booked a profit of about 50 pips on gbp/jpy long trade. The price went up to 147 before it retrieved. Hit the adjusted stop loss at 146.50. price seem to be retrieving a bit amides stock rally sell off today. But expected to resume once this sell off completes and stock market rallies once again.
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GBP/USD is heading towards 1.2700

Amogh Posted 5 Nov.  in #GBP/USD #Trader Contest
After breaking the top of the range 1.2340 - 50 GBP/USD has reached to 1.2550. It is right now hovering around 1.2517 It does seem like the price is heading towards to 1.2700. RSI has reached oversold territory but price can still further rise. Overall USD is becoming weaker and this is also adding fuel to this pair.
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GBP/USD is trying to break the top of the range

Amogh Posted 3 Nov.  in #Trader Contest #Gbpusd
GBP/USD is trying to break the top of the range. It is right now at 1.2338. If this price level onf 1.2340 - 50 is cleared price may rise to 1.2470. On the contrary, the support at 1.2100 is getting very strong now. RSI is slowly reaching to oversold territory but there is plenty of room for further rise.
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GBP/JPY pair is at the top of the short term range

Amogh Posted 25 Oct.  in #GBP/JPY #Trader Contest
GBP/JPY pair is at the top of the short term range at around 127.68 Considering the long term bearish sentiment for GBP this could be good entry point for short trade. It is still caught in a tight range of 128 at top and 126 at support level. However before entering short trade it will be wise to wait till the end of the day today when Gov Carney delivers his Speech.
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GBP/USD range is getting tighter.

Amogh Posted 18 Oct.  in #Trader Contest #Gbpusd
GBP/USD range is getting tighter. Now the focus is on the news today. Price levels are fluctuating back and fort. Today's GBP CPI and PPI news numbers could provide some direction for the pair. I look forward to good entry point for short trade today. Later, there is also USD core CPI numbers. I am keeping an close eyes to these numbers. Right now. GBP/USD is at the top of the range at around 1.2230.
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