Japanese Yen Currency Pairs Market View Thursday 30 October 2014

Today’s live Forex market overview by popular request will be reviewing some currencies with (JPY) Japanese Yen. The seven paired JPY traded currencies in this portfolio are CHF v JPY, CAD v JPY, NZD v JPY, EUR v JPY, USD v JPY, GBP v JPY, and AUD v JPY. Bullish directional bias is favoured today Thursday 30 October 2014 on all JPY currency pairs traded in this portfolio.

Starting with 20 micro lots, buy JPY pairs without open positions at current market price; place your profit target at 180 pips. Using the lot sizes management entry table, repeat unfavourable entries every 100 pips against primary order with 50% lot size increment.

We already bought 20 micro lots of USD v JPY at 10775 on Tuesday 28 October 2014; current profit target is at 10990, new position will not be executed. We started with 20 micro lots because equity above €125,000, usable margin €122,000, usable margin percentage 96% and pending orders at 53. Open positions today stands at 48 orders.

Unless there is a major market anomaly or a special request is made, fresh blog content shall be posted on Tuesday and Thursday every week. Visit Online Profit Gazette Facebook fan page for the regular Forex market daily updates. The most viable buy or sell currency pair based on our unique trading plan will be showcased if any.

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