Open trading account 
Hello,
I would like to share some of my personal thoughts about the JPY. For the last few days we are witnesses of the side move on all of the major pairs. This situation is not very favourable for daytrading because the volatility is very low and the oportunities for entering into the trade for a larger profits are rare. Based on my observation, the best opportunities can provide JPY pairs for the coming day. JPY has been trading around the daily pivot ( - 50 pips) for the last 2 days and it has been very close to strong support levels on all the majors (USD, EUR, GBP). My idea is (and currently I am holding 2 LONG positions and 1 more is awaiting fulfilment if I am lucky) to trade the pull back from these supports. The TP is set up to cca 70 pips, because I intend to trade pull backs. I will watch the results of the Asia seance in the morning and based on this I will uplift the TP or will reduce the open positions.
I would like to share some of my personal thoughts about the JPY. For the last few days we are witnesses of the side move on all of the major pairs. This situation is not very favourable for daytrading because the volatility is very low and the oportunities for entering into the trade for a larger profits are rare. Based on my observation, the best opportunities can provide JPY pairs for the coming day. JPY has been trading around the daily pivot ( - 50 pips) for the last 2 days and it has been very close to strong support levels on all the majors (USD, EUR, GBP). My idea is (and currently I am holding 2 LONG positions and 1 more is awaiting fulfilment if I am lucky) to trade the pull back from these supports. The TP is set up to cca 70 pips, because I intend to trade pull backs. I will watch the results of the Asia seance in the morning and based on this I will uplift the TP or will reduce the open positions.
