Quote:
Originally Posted by Blaiserboy
Terri
I think you will find that this pair likes to behave in a 30 day cycle ie 30 days between lows and 30 days between highs..... and that this week is the end of the low cycle ( for the last few months)
(that is my not too scientific opinion)
So, in the next couple days we could see the uptrend try to resume..... and depending on the strength of that move, we can start to see which way we are traveling longer term....
|
I'm not completely discounting the possibility that the USDJPY rally could continue, but I do think that noted near-term resistance is quite substantial. I suppose my bias is geared more toward the status of the equity markets (in which I am very very bearish).
