Trading -AUD/USD

Quote from xelite777:

The eur/usd did not even test the Fib level, which is a good sign.
Bought EUR/USD at 1.3460, looking for 40 pip profit, this is a momentum trade.

Closing the trade at 1.3490 (+30 pip profit), I am receiving mixed signals from the Euro and the Yen.
 
Quote from Visaria:

can u recommend a trade please?

Just bought USD/JPY at 99.20.

Pretty sure the Yen is going to go up after the GDP report.

(Copycat traders, trade at your own risk, the Yen is a serious beast !!!)
 
Quote from xelite777:

Yes the USD/JPY pair is often simply called the Yen.

Really? Thought when someone says yen is going up, it means yen is strengthening against the US dollar?
 
Quote from Visaria:

Really? Thought when someone says yen is going up, it means yen is strengthening against the US dollar?

No that means the USD will gain in value against the Yen, so the same dollar will now buy more Yens.

yen_10000_b_f_m.jpg
 
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