The ZAR/JPY pair is one that you need to be patient with. The biggest thing to know about this pair is that it has a somewhat large swap. Because of this, it is a favorite amongst currency traders. The pair is more of an investment, and this is the reason that the passive investor loves this market. I almost always try to at least have some of my money in this market – if it is going higher.
Risk 1.0%
Trade is longer-term, can be taken whenever
Long Trade 1:
Buy at current levels, or a break out above 8.80
Set stop loss at 8.55
Hold on. This needs to pay you as you wait.
ZAR/JPY Analysis:
I don’t really do a ‘daily analysis’ on this pair, other than to suggest that anytime you pull back, it’s a good time to start buying. The leverage available in this pair makes the pip value large typically. (It takes just a few hundred dollars to leverage a full lot.) Because of this, I take the trade and let it go. I tend to be long of this pair for weeks and weeks at a time.
As long as the XXX/JPY pairs are going higher, I am long of this market.
