Quote:
Originally Posted by brad_1199
Basically I'm eye-balling how the candles should line up on the weekly chart and from that alone I can say I don't think this week has the power to stay as low as it has gone without a substantial bounce higher first. I've seen this hanging man formation occour in other YEN crosses before those pairs ripped into the down side as well, so that also makes me confident that we'll see it here too.
Even if USDJPY can't get back up to 102.00-103.00 .. I say it's still going to come back up to around the 100.25 mark. The close of this week will be very important and will leave me with more to work with...
If I see this pair sitting around 102.35 - 103.00 on Friday right before the close I'll be plowing into short positions..  |
Brad some good calls , i wonder if you can shed some light on what may happen to GBPJPY should USDJPY drop down to your targets.
i have attached my chart , some may recall i posted this chart a few months back when we were atrading around 2.11.
regards
Ray
