Saturday, August 22, 2009

USD/JPY February 7, 2009

Hi Traders,

Looking at the Yen count with Fibonacci relationships, we might see another run towards 93.00.
The 161.8 extension of wave 1 is at 93.00. Wait for the break above wave 3 (92.27) if you are not in the trade already.
Also, on a second chart, see how the Yen crossed a major trendline that has been holding the pair since August 2008, retested it and is now progressing upward.

No comments:

Post a Comment