FOREX New York Session Video November 12, 2007

During London trading, the EUR/JPY had already broken the M1 pivot point and bounced at S2, dropping nearly double its recent average daily range in the process. Although the pair was destined for consolidation, New York traders still had hope. Those who applied range trading techniques on the 3-minute chart in the early part of today's session, managed to carve out two separate trades – one short, one long – each netting up to 50 pips.

Comments

[Dan Blystone]

I'm looking for continued weakness in the dollar medium term.