It's also right at a descending trendline from Nov. 24.
I've got a small short position from 91.94 with a stop at 92.10. Closed US markets on Monday should make it interesting.
Friday, February 13, 2009
USD/JPY
USD/JPY has been incredibly strong. Since Thursday it has rallied from 90 to 92. It's very overbought but has a lot of momentum. It's been channeling up and is testing its R2 pivot for today.
It's also right at a descending trendline from Nov. 24.
I've got a small short position from 91.94 with a stop at 92.10. Closed US markets on Monday should make it interesting.
It's also right at a descending trendline from Nov. 24.
I've got a small short position from 91.94 with a stop at 92.10. Closed US markets on Monday should make it interesting.
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