Trade Alert for USD/JPY

There is bound to be some major resistance in the 83.55 area and most certainly in the 82.88 area, but I am looking to make a quick buck on the recent bounce.  Other traders may want to go long when it gets down to those areas, which I may also do should the price once again reach those levels later today.  I purchased the pair at current market levels, and the details of the trade are posted below:

OPEN POSITIONS: 
===========================================
CIS* Alert Service (C043AS)

Date:  Friday September 24, 2010

Action: Sold USD/JPY at current market prices ~84.3

Take Profit:  83.7

Stop Loss: 84.9

CIS* Complimentary Investment Strategy
Ref: mw

===========================================

PENDING ORDERS:

===========================================
CIS* Alert Service (C042AS)

Date:  Friday September 24, 2010

Action:  Order to buy 1 unit AUD/USD @ 94.9

Take Profit:  95.8

Stop Loss:  94.4

CIS* Complimentary Investment Strategy
Ref: mw

------------------------------------------------------------------------------

CIS* Alert Service (C041AS)

Date:  Friday September 24, 2010

Action:  Order to buy 1 unit GBP/USD @ 1.5615

Take Profit:  1.572

Stop Loss:  1.555

CIS* Complimentary Investment Strategy
Ref: mw

------------------------------------------------------------------------------

CIS* Alert Service (C040AS) 

Date:   Friday September 24, 2010

Action: Order to buy 1 unit EUR/USD @ 1.340
Action:  Order to buy 1 unit EUR/USD @ 1.337

Take Profit:  1.3445 and 1.353
Stop Loss: 1.335

CIS* Complimentary Investment Strategy
Ref: tcd

None at this time.
===========================================

CLOSED POSITIONS:
===========================================
Trade (C038AS) GBP/USD position was closed at our take profit level.  :)

Trade (C039AS) EUR/USD position were closed for nominal profit.

--------------------------------------------------------------------------


===========================================1.52

Would you like to receive daily and weekly analysis of the currency market? 

Click here to find out how you can take advantage of this service.

Products and Services:
Want trade forex on your own?  Learn to Trade Forex with Forex Mentor: LMT Mentor
Ready to open a Forex Account?  Get up to $250 cash bonus on your FX account.  Post your request on this blog today.


Did you know you can be immediately informed of trade alerts?
Follow us on Twitter at: http://www.twitter.com/BDIForex
You can have our twitter alerts sent to your mobile phone as soon as we update it.

Don't have a Twitter account yet? Get one by going to http://www.twitter.com/

From the Desk of
Aaron Reid
Forex Strategist