In FOREX, how can i forecast whether the currency pair USD/JPY is going to go up or down? -

what news do i read? any help would be great thankyou. If people knew what a currency pair or a stock was going to do we would all be rich. Some things to look at are the next weeks news events and see if any of them are big. An interest rate statement will give you a good idea of the direction. These events usually come out between 6:00pm and 8:00pm EST for Japan news. Since the US economy is in bad shape, you may wait for some positive or negative news to pick your direction. Try not to pick tops or bottoms. Try to stick with trends until they are broken. Use the quot;50% retracement rule.quot; To learn about this rule google for it. Other tips and trading advice given here: http://commonsensetrading.googlepages.co...