Fantastic Opportunities to Profit from Buying the Yen

Podcast: Fantastic Opportunities to Profit from Buying the Yen In this video: 00:29 – This week’s charts and the JPY strength 01:00 - Rare to get a currency show such strength all week 01.23 – Did you know the JPY was going to move? 01:50 – Selling the GBP/JPY and USD/JPY – posted for clients on Monday 02:35 – GBP weakness continues and the JPY is strong – leads to an 800+ pip move 03:18 – You need to be able to see and take the trade before the big move happens 04:14 – Live trades on live webinars 04:38 – A good sound strategy and learn from a professional trader 05:03 – Get onto one of my free webinars to learn more There have been some fantastic opportunities to buy the Japanese Yen this week. Have you made money from it? If you have, fantastic. If you haven't, you need to watch this. Hi Forex Traders, Andrew Mitchem here. I'm the owner of The Forex Trading Coach and I've been coaching Forex traders all around the world for almost 7 years now. This week’s charts and the JPY strength I want to talk to you what we've seen on the charts just this week. You would have noticed and you could have not failed to notice massive, massive movements across all the Japanese Yen pairs. Huge strength in the Japanese Yen across the board, across all pairs. What's this done is it's presented us with some fantastic trading opportunities, opportunities that you don't see every week. Some weeks you'll get a good day or maybe a good couple of days with some good movements. Rare to get a currency show such strength all week But very rarely do we see a currency like the Japanese Yen just shown massive strength and it's continued the entire week. Quite often you'll see a good bit of strength in a currency and you'll see it retrace a bit and then go again. This week, Japanese Yen has just been the currency. Did you know the JPY was going to move? The interesting thing and the point that I'm wanting to make is at the beginning of the week, did you know that it was going to move either in which direction or how much it was going to move? The answer's probably no. For myself, I had a fairly good understanding of which way it was going to move. Selling the GBP/JPY and USD/JPY – posted for clients on Monday On Monday morning, at the beginning of the week, I posted on my website for my clients that I was looking at strength in the Japanese Yen. I said I was looking at selling opportunities in the week on the British pan, Japanese Yen and also on the US, Japanese Yen. I didn't know at the time how much it was going to move because so far this week, the Pound/Yens moved 800 pips. The US/Yens moved around 450 pips which for that pair is a lot of movement. The good thing as I mentioned earlier is that it's been pretty much a consistent movement. It hasn't been a big move down, then a big pull back, and another go. It's been pretty much a downward trend the entire week on the Pound/Yen and the US/Yen. GBP weakness continues and the JPY is strong – leads to an 800+ pip move The Pound/Yen has had a big move, 800 pips this week with just 1 day to go. When you think about it, for the past few weeks I've been talking about the weakness in the British/Pound. You put that together with strength in the Japanese Yen, so you've got weakness in the Pound, strength in the Yen, put the two together, it's just been a perfect currency in strength and weakness terms. Also technically on the charts for that to drop like a stone and it has done that. 800 pips. How much have you picked out of that big movement so far this week? How many smaller trades have you seen with good selling opportunities? This week, on Monday, I said to my clients, "I'm looking for short positions,