Yen, dollar firm as bumper rates week keeps safe-havens bid

Sentiment on the North American opening bell is decently positive but Buyers still have some work to do to undo some of the yesterday’s selling – They are still starting to get some traction. There is no major US Data release in today’s session, leaving normal trading flows the role to guide the price action. Watch…

The USD/JPY chart shows that yesterday (3 October), the price slightly surpassed the 147.230 level, marking the highest point since 3 September. This is significant as it indicates a new swing high, identified by the ZigZag indicator (in purple), which hasn’t been seen in months. Bullish arguments for the USD/JPY chart today: → The price…

One of the more useful skills in forex trading is knowing when to press your advantage. This may be in the form of increasing reward-to-risk ratios by adding to winning positions or even just logging in more trades. Pressing your advantage is a good skill to have, but sometimes this strategy can get you into trouble….