Like I said in this topic:
U/J cross many important SMA trends : SMA50, SMA100,SMA20, even EMA50. Today U/J keeps going its trend leaving far those important supports.
Moreover, I see on the chart, U/J also breaks the bearish trend line.
I think there is no reason U/J doesnt continue current trend,, reach to next key important resistance : 100.40
That is TA
Now I talk about FA.
U/J is supported greatly by advance of Nikkei 225 and US 10 years T-Bond.
We can see the correlation between U/J and Nikkei 225 I show on the chart. Nikkei 225 bullishes, U/J bullishes too.
Nikkei moves 3% last two days, moreover, US 10 years T-Bond also reaches near 3% benchmark because possibility of Ending QE3 (taper). We heard that from Dallas Fed President Fisher yesterday.
Combine both TA and FA information, I claim that U/J would move higher to 100.40 strong resistance level.
Long U/J now.
U/J cross many important SMA trends : SMA50, SMA100,SMA20, even EMA50. Today U/J keeps going its trend leaving far those important supports.
Moreover, I see on the chart, U/J also breaks the bearish trend line.
I think there is no reason U/J doesnt continue current trend,, reach to next key important resistance : 100.40
That is TA
Now I talk about FA.
U/J is supported greatly by advance of Nikkei 225 and US 10 years T-Bond.
We can see the correlation between U/J and Nikkei 225 I show on the chart. Nikkei 225 bullishes, U/J bullishes too.
Nikkei moves 3% last two days, moreover, US 10 years T-Bond also reaches near 3% benchmark because possibility of Ending QE3 (taper). We heard that from Dallas Fed President Fisher yesterday.
Combine both TA and FA information, I claim that U/J would move higher to 100.40 strong resistance level.
Long U/J now.