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finitemonk
Jul 3, 2013 3:43 PM

USDJPY _ UP-CHANNEL meets STRONG RESISTANCE 

U.S. Dollar/Japanese YenFXCM

Description

All self explanatory I hope.
Lines of support and resistance offered by two
cross directional forks. If it continues up
what happens around the 8th / 101.00 area?
If it goes to 101.50++ it is above a lot of resistance.
Most likely I think now - will peak around 101.00 by the 8th
then drop, maybe right back to 95.00 ish.
(Anyone watching JGB yields? - please let me know where you can find these - thanks)
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