Looking forward to tomorrows recommended trades we have the USAD Index moving higher and a breakout on a number of pairs very close.

Euro/usa continues to hold below key resistance now at 1.3174 and a move towards 1.2800 is very likely.Only a sustained break of 1.3174 takes the pressure off the downside.

Of the major pairs usa/jyn direction is the least clear and with the Yen currency futures providing mixedsignals we should await a clear signal for the next move on this pair.

For a complete look at Forex trades for April 22, 2009 please click on the enclosed link.