Technical Analysis
USDJPY Possibly Forming a Double Top Which Signals Lower Prices Ahead
Looking at the USDJPY chart, we can see that prices have failed to breach the recent previous high of 103.40 and prices have fallen. This is a possible double top move in progress and could mean bearish tendencies for prices in the near term. Entry price would be at 103.05. Stop loss price would be at 103.55 when the former high is breached. Take profits when prices hover down at 101.95.
To read the full trading recommendation, please click this link: http://metisetrade.com/
To read the full trading recommendation, please click this link: http://metisetrade.com/
Fundamental Analysis
US Budget Deal Compromise Ends Risk of Another Government Shutdown in 2014
Congressional negotiators from both Republicans and Democrats unveiled a long-awaited budget framework to fund the government past mid-January and stabilize the government's finances into the near future. The announcement follows a day full of fine-tuning the details of the agreement, which covers the next two fiscal years and set a top-line budget number for each year. The framework would set spending levels above the $967 billion cap established by the sequester; the budget for 2014 would be set at $1.012 trillion, and the budget for 2015 would be $1.014 trillion.
To read the full trading recommendation, please click this link: http://metisetrade.com/
To read the full trading recommendation, please click this link: http://metisetrade.com/
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