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Nov 30, 2016 6:16 PM

USDJPY "she cannae take any more cap'n, or she'll blow" Long

U.S. Dollar/Japanese YenFXCM

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"she cannae take any more cap'n, or she'll blow"

The immortal words of Scotty from Star Trek . . . well I think she can take a wee bit more Scotty !!

PRICE powered through what I thought would be strong resistance at the yellow boxes but they did end up acting as SUPPORT for a brief pull back and a refuel on hitting the 10EMA . . . that's all it needed to get the train moving again.

So where to next Captain ? . . . Warp factor all the way to the former Low circles/61.8%/and the weekly 100SMA (dashed black line). Seems almost impolite for PRICE not to give it a go and as everyone can see these markers on their charts, I shall remain in the BULL camp for the foreseeable and will curb all urges at calling a TOP any time soon.



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