Manual trade plan Usdjpy, Eurusd, Gbpusd 8 Nov 2010

We could see NFP figure released last Friday as a key for market movement for this week. With the positive released of 151k NFP and the Unemployment Rate remains at 9.6% or better, JPY should weaken as USD/JPY should recover and move upward and BOJ may just intervene taking advantage of a positive US data. So we should looking an opportunity to BUY Usdjpy, SELL Eurusd, SELL Gbpusd.

However at this moment we still didn't see nice entry but we will monitor closely market movement.


Usdjpy

We see a big triangle pattern in TF H1, our bias is it should break upward, if not we should reanalyze. Entry should trigger when pattern break upward or downward.

Eurusd 

We will see whether Asian session will bring price to break SR trendline ( a dot yellow line). We are looking SELL opportunity in that area.

Gbpusd

Gbpusd form a channel pattern, our bias is gbpusd should break downward since usd should become stronger after NFP last friday.

note: This is not TRADE CALL. Do your own analysis and trade what you see in your chart. This post in only for education purpose. Have a nice day and enjoy your trade!