jangseohee

QE can come from anyway, not limited to USA

FX:USDJPY   U.S. Dollar/Japanese Yen
129 3 8
"One man's loss is another man's gain" is the first thing that i could think of when news of JPN             central bank increase their QE again.
By weakening own currency to boost company's earning ( stock ) or boost US dollar             , or more strategy they have own in their sleeve, i learn a lesson from here.

QE not necessarily must come from Mdm Y, today JPN             had one, perhaps CN or Europe will follow suit.

Having say that:
Using the last high from 2007, we have the price approaching the monthly 76.4 retracement @112.657

I anticipate two scenarios (out of others):

Path 1. price will just break the resistance like nobody's business and go all up to test 124.130 OR
Path 2. price will pull back to highlighted region (99.823 - 105.559) before continuing the uptrend
Comment:
snapshot
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