3 Ducks Trading System | 26th May 2015

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    Captain Currency
    Captain Currency
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    Gotta have that Usd.Jpy on your Bullish watch list Duck Hunters.

    Bulls are licking their lips in anticipation, they’ll want to push price even higher in the coming sessions and target the 2007 high of 124.12. No doubt us 3 Duck Trend Traders will be looking to bag a few pips on the way up!

    Usd.Jpy Monthly Chart

    Technically: our First Duck (trend), H4 trend is bullish and our Ducks would only favour the buying set-ups. Current price is about 122.51 and this pair has an average daily pip variation figure of about 72 pips based on the last 4 weeks of data.

    Usd.Jpy 4hr Chart

    Fundamentally: on Tues night / Wed morning GMT we’ll get the Bank of Japan policy meeting minutes. Signs that further easing is on the way won’t be too good for the Yen and Usd.Jpy could go north.

    Hope you manage to bag a winner (or two) if you decide to trade this pair in the coming sessions,

    Andy
    Captain Currency

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