From the way i see it. Usd/Jpy strength is broken but the uptrend is still intact. Anyone care for a high risk entry??
Short UJ @ 123.70 or better
Stop Loss : On your own
Target : This is going to be a big one
And before i forget, EurJpy and GbpJpy is riding on the trendline. Not broken yet but if all goes well we will see it broken by tonight. Then we have the usual ranging market before a new trend is born.
Happy trading.
UJ strength is broken
Tuesday, June 19, 2007
