Sunday, May 30, 2010

COT possibilities in the week ahead

3rd party report.

There has been SIGNIFICANT buying and closing of short sales this week in JPY. If
its strong next week trade it against the weakest pair at the time.

The EUR has been sold for a long time but traders closed out some of their long positions and this the % short in EUR has increased nicely. If EUR is weak next week consider selling it against the JPY above if JPY is strong at the time.

Looks like I might have to change focus from gu to ej a little in the coming week.

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