Euro Rises Against Yen Before ECB; Volatility Wanes

FX Insight views on the Eur/Jpy

FOREX INSIGHT OUTLOOK on EUR/JPY

 What we are expecting in this pair is a move to test the trend on this Daily chart from low of Jan 16 2012 to June 1 2012. Trade leaders are looking for a some great scalp opportunities in this area of 95.15. The over plan is to catch the Eur/Jpy as we forecast the Eur/Jpy bounce higher to 96.40. What we are looking at is a decent bounce on Eur/Jpy toward higher levels as market rumors on the euro will have the currency move on the dollar and the yen. Also even still if the eur/jpy is to follow the eur/usd to the abyss (1.1660) as Spain troubles plus 10yr yields on Italy we still need to see one more bounce to (96.40-60) before a another strong fall such as example from April to June of this year.

In conclusion we will not be taking any entries on eur/jpy until she does reach the trend line market. In the event she breaks away here to lower levels we will just work the retracement after the fall. Play is safe as always in the Forex Insight Group.
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Eur Drops to 1.3680 as ECB Pres Draghi makes comments

This morning trade on eur/usd after Mario Draghi made some commentary euro really took a dive. Here is a snapshot of our trader as 70% of traders joined from 1.3818 and as Levels of 1.3720 were expected as mentioned from Chief Trader traders waited and took profits at that level. Others traders waited for second target of 1.3680 Trade room Access for morning sessions http://bit.ly/fYyUpE

TRADE OF DAY FOREX INSIGHTERS (trading sessions)

TRADE OF DAY IN MORNING SESSION (SCALPING) TECHNIQUE This morning Chief Trader shared scalp trde set up on aud/usd and eur/usd as market came to close EU summit commentary by Chief about key level to be tested on aud/usd and eur/usd key levels. Chieft traders then today had a 45 min question and answer session in todays class. Here is a snapshot of aud/usd scalp trde. BE PART OF SUNDAY OPENING MARKET SESSION AS EU SUMMIT PART 1 ON EURO CRISIS. ACCESS TO ONLINE CONFERENCE USE THIS LINK FOR ACCESS Confident trades THE FOREX INSIGHTERS GROUP http://forexinsighters.com 786-294-5785