tower47

tower47

Watching the euro for a short position based on mostly technical's, and the general fundamentals of the dollar right now. Looking for a reversal at the 61.8 level i have marked in conjunction with a reactive trend line. If price reacts properly i'm looking for price to move down to the monthly support of 1.22000 for about 90 pips. Time will tell and patients will...

tower47

I'm going to be watching usd/jpy like a hawk for the next few weeks. Many fundamentals are going to need to be considered at this time along with our technical analysis. There is a potential to see a strong yen leading into possible regulations on artificial weakening of Asian currencies. This plays in with the key levels we have been watching. We saw a push to...

tower47 Updated 

Price is currently sitting near monthly round number level. I'm expecting push up to the 50% retracement area along with triple top formation for extra confirmation for short entry then continuation to next 250 pip quarter level. This is in conjunction with my prediction that japan might receive tariff exemptions from the U.S. thus strengthening the Yen.