Buy EUR/USD at 1.3480

Buy EUR/USD

• BUY EUR/USD @ 1.3480 TP 1.3520,
  good SL 50 pip from entry position.

good luck…

• Status EUR/USD : Closed +30 not hit TP.

Yen Strengthened, The impact Bernanke Statement

In currency trading the Asian session today (25-02), looking Yen has strengthened against the U.S. Dollar. Pair USD/JPY currently moving in the range of 89.55.

Last night, Bernanke said that interest rates the Fed is not going to be changed in the near future. This reduces the investors’ expectations of an increase in FFR (Fed Funds Rate), where dinaikkannya discount rate by the Fed earlier has increased the expectations of investors.

In addition to comments from Bernanke, Asian stock markets look today as well under pressure, so the yen currency look more attractive. But again need to be reminded that Japan is still in the threat of deflation, so that an overly strong yen will not be interested by the Japanese government. If the yen continues to strengthen, 87.00 estimated potential level is reached, but more powerful than those levels feared could invite government intervention.

USD/JPY likely to weaken to as low as 88.90 if past support in the 89.30 level. Strengthening U.S. Dollar against the Yen may occur if the resistance through the 90.35 level to the 90.85 level.

U.S. Home Sales Down

In trading pair EUR/USD U.S. session today (24-02), Euro observed moving rose against the U.S. dollar and are in the range of 1.3620.

Euro forex investors increasingly in demand as a signal showing a decline in economic performance of the U.S. housing sector.

The latest information about the New Home Sales indicator has just been released by the Census Bureau showed a decrease in the value of these indicators.

Indicator New Home Sales fell to 309K reported previously expected to rise to 354K from 348K the previous value. This pro Swissie responded by investors in forex trading.

U.S. Mortgage Index Down 8.5%, Yen urges U.S. Dollars

Recent data releases indicate a decline in the economic performance of the United States responded by pro-Japanese Yen investors at the trading pair USD/JPY.

The decline in performance on the U.S. housing sector led to the strengthening of the movement of the Japanese Yen this evening (24-02) and the pair USD / JPY was at 89.95 range.

Mortgage Bankers Association today announced that the latest releases index of mortgage applications decreased by 8.5%. This shows the decline in demand for loans to purchase homes during tinmgga consecutive weeks.

Buy EUR/JPY at 122.35

ok, good moment or reversal

• BUY EUR/JPY @ 122.35 TP 123.00,
  good SL 80 pip from entry position.

good luck…

• Status EUR/JPY : Closed +12 not hit TP.