FX Trading UPDATE

USD/JPY: The Dollar’s broad recovery versus the Yen continues toward my Medium Term Target of 84.15.  However, longer term Upside potential is considerably higher than this (see chart below)

Since the first Quarter of 2011, USD/JPY has been building a massive Bottoming formation, which once Confirmed (by a sustained break above “Neckline” Resistance at 83.15) will establish an Upside Objective of 92.50, over the coming months!

In addition to JPY, my daily forecasting service covers EUR, CHF, GBP, AUD and NZD (plus a “Trade of the Day” recommendation). I have run my own FX forecasting business for 25 years. Subscribers to my daily email updates are Banks, Hedge funds and private traders world-wide.

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Disclaimer: Max McKegg & Technical Research Ltd accept no liability  whatsoever for any loss or

damage that may result, directly or indirectly, from any forecast, comment or opinion, information or omission, whether negligent or otherwise, within this report.