Nok/Jpy has been well confined to a very choppy range trade over the past several weeks, largely defined between 15.00 and 16.50. The latest pullbacks have once again been well supported in the 15.00 area ahead of a bounce back into the mid-range. Look for the market to now be well capped ahead of 16.00, in favor of a retest on 15.00. 

 GBP

The estimated test of key resistance range levels has been confirmed, but relative rise in bullish activity, marked by OsMA trend indicator, did not favor implementation of the pre-planned short positions.

EUR. The pre-planned long positions from key supports were implemented with the achievement of main and minimal estimated target. OsMA trend indicator, having marked further activity fall of both parties does not clarify the choice of planning priorities for today.

Usd/Sek our view is still constructive at current levels despite the latest setbacks and favors USD appreciation over the coming weeks.  We contend the market is attempting to carve out a major base rather than in the process of some bearish consolidation. The recent break back above 7.10 confirms bias and exposes 7.40-50 further up. Any setbacks are expected to be well supported ahead of 6.75, while back above 7.20 accelerates.

EUR

The pre-planned short positions from key resistance range levels have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked preservation of close parity of both party activity, gives grounds for supposition of further rate range movement with no affirmative choice of priorities in planning trading operations for today.

Joe Ross has been trading and investing since his first trade at the age of 14, and is a well known Master Trader and Investor. He has survived all the up and downs of the markets because of his adaptable trading style,

When primitive people have invented money, all they have in mind is to find some means to solidly show the actual exchange of goods or services between two persons or groups. Since then, any exchanges of goods have been centered on money, bearing the most tangible form of trade.

Forex traders hear a lot about Risk; whether the markets are tolerant, averse, or neutral.