Forex Trade Review for 1st of Septemeber 2010

US Dollar / Japan Yen Pair

Strong rebound to the top of 85.90 was indicated a down market which pulls back USD/JPY to as low as 83.70 and continue with a big range.  An exhibition of price movement by market emotions. Please take note that market may remain soft until Wed or Thurs. My advise is not to perform any trading until you see improvement.

Euro / US Dollar

EUR/USD’s fall was well supported above 1.2588 and strong uptrend to as high as 1.2897 for this week. This may continue till this week.