Market Forecast for 04-25-12 – Buy Yen and DJI

USDJPY Analysis and Trade Recommendation

TRADE Recommendation:  BUY 81.60 USDJPY stop to open, use 81.85 stop loss, move stop to breakeven at 82.12.

Price Target 1 = 82.50

Price Target 2 = 83.33

Price Target 3 = 84.45 or greater.

If the market fails to reach entry price on Dollar-Yen and breaks below Tuesday's lowest price, then the expectations are for new 20 day lows. See the Dollar-Yen below with the forecast.

usd jpy daily chart

DOW Charts and Trade Recommendation

TRADE Recommendation:  BUY (already long) so buy DJI on 13000 limit, use 12890 stop loss, move stop to breakeven at 13100 and exit 1/3 of position.

Price Target 2 = 13315, exit another 1/3 and trail stop on remaining position.

The Dow analysis chart is provided below.

Dow DJI daily analysis

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