Hello everyone,

Today it’s all about the JPY-crosses. They are reaching important decision-taking levels across the board after the sharp decline we’ve seen in the last couple of days. EURJPY, USDJPY and GBPJPY are one by one reaching the confluence levels I had designed in the my trade plans for these pairs just off their respective Dynamic Areas of Support. From now on, it’s all about waiting to see if those levels of confluence (see my Forex Course chapter #1 to know what a Level of Confluence is) do actually hold the decline and search for indications that a new up-swing is in the making. As I was saying last week, Carry Trading has been *the* trading theme during the last year so in my opinion these levels being tested today are indeed decision-taking levels, at least for the time being.

I explain my views on JPY-crosses in one of the videos below, and the other video shows today’s trading plans for other currency pairs.