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Old 06-08-2009, 11:09 PM
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Quote:
Originally Posted by Thomas Long View Post
A short-term top is possible, but with the trend being up, I would prefer to wait for a pullback down to support and then look for a reversal to buy this pair. I also see where the GBP/CHF has been moving up since the beginning of the year meaning that the GBP has been stronger than the CHF. So buying the GBP/JPY might offer a better trading opportunity than buying the CHF/JPY. Just my opinion.
well in my opiion all the major monthly and weekly trends are bearish of jpy pairs . like the gbp made lower lows and lower high in monthly time frame . i am waiting the usd jpy to break the 80 barrier . and there is a strong weekly support ( previous support current channel resistance ) acting as resistance at 102 region in usd jpy . thats how the usd fell from 101xx . and this rise of the usd jpy looks similar to the rise from 96 to 110 . a series of lower highs and lower lows . these are just my thoughts well i never trade from weekly or monthly charts just look at them for a view
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