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USDJPY
Here's a look at the weekly chart of USDJPY from longer term range and candlestick perspective... Price appears to have rallied into the upper bollinger band on the weekly chart, we should keep our eyes peeled for reversal in this area and possibly a touch of the upper bollinger before turning lower... I think it' s likely price could form a hanging man top this week, followed by a multi-week drop into the lower bollinger band... If the hanging man is present just before the weekly close on Friday march 6th, bears will have short entry.. More aggressive players may already be building short positions...
Last edited by brad_1199; 04-08-2009 at 11:14 PM..
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