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SunBirdFX Daily Market Analysis : 02/01/2013
Buy at 1.3650 (Resistance point) with a stop loss at 1.3570, and a take profit at 1.3770(ma-300).
GBP is still strong against the dollar and the upward trend may continue today.
Buy at 1.5880 with a stop loss at 1.5790 and a take profit at 1.5960.
AUDUSD- buy at 1.0410 stop loss at 1.0375 and a take profit at 1.0450.
Usually, during the NFP release, the USDJPY is very volatile. You can make 70 pips in 5-10 minutes with a small SL around 20 pips. With a very good RATIO, you can consider taking a position - the direction will be determined 10 minutes before the release of the news.