JPY Crosses are on the move back down

Brad Gilbert

CEO & Founder of Traders4Traders – Brad has been trading for 28 years and was a former Chief FX Trader for Citibank. Brad trades all forex currencies, equity indices, metals, and commodities.

Trades: EUR, GBP, AUD, NZD, CAD, JPY, CHF, DOW, SP500, OIL, GOLD

Overview

The JPY crosses have enjoyed a nice clear run to the topside the past week but that move now appears to be coming to an end as EURJPY, GBPJPY and CHFJPY roll over & break back down through the cloud. This still leaves us with the AUDJPY, NZDJPY & CADJPY to play catch up. It’s an easy set up to put Ichimoku trader in play!

Trade Set Up Details

Trade Execution

If trading the technical levels: Trendline Trader or Ichimoku Cloud Trader

If trading live: T-Rex Live Trader or Guerrilla Trader

Trade Outcome

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About the Author: Brad Gilbert

Brad has over 25 years of FX trading experience. Prior to setting up T4T in 2009, Brad worked for Citibank, Commonwealth Bank of Australia and Toronto Dominion Bank. He was Chief FX Dealer of some of the biggest FX teams in Sydney, London & New York. He has also worked extensively through Asia in Japan, Singapore, Hong Kong and Vietnam

The bottom line: Trading involves risk. Past performance is not indicative of future performance — nothing here is financial advice, and no outcome is guaranteed.