Today's Cluck forex betting tip USDJPY
 

The USD/yen has peaked at over 107.1, hitting the resistance on its 3 month decending wedge. Get on betonmarkets and bet that it will touch 105.41 within 14 days. Chances are it will reach 105 by then, but you can make a quick return betting a large amount on that and waiting for an intraday low within the next few hours/days. You may want to put a trigger to sell at 105.6. It will most likely pass through today's low again as price decends so this will lock in a profit.

I placed my bets already and I'm confident it will continue to fall steadily for the rest of the day. It may, however reverse again at 106.4, creating a new resistance. If it does, wait for another peak and buy more. Judging by the 3 month pattern whatever the intraday pattern is it will pass through 105.6 again.

Here's one of mine:

Win USD100 if, at any time before midnight GMT on 2-MAR-04 [inclusive], USD/Japanese Yen touches 105.41 (ONE TOUCH).

ps i do my forex trading at www.oanda.com i dont know where cluck gets his done

edit wait i see he does bet on markets

www.betonmarkets.com

I bet on them and sell as the odds get better, therefore making my bet more valuable.

Looks like it's going back up. Could be another good opportunity. Hopefully it doesn't make much of a new high, because that might be a sign of a breakout and I want the pattern to keep going.

Well, hopefully it's good but if it isn't a failed signal is one of the best indicators there are :thumbsup

I usually play with EUR/USD and I believe it will hit
1.35 in 2-3 months.