Price rejection after price rejection ... the story of this pair. Today is no exception, again fierce rejection of 77.00. This, in my opinion,has nothing to do with healthy pullbacks, this is plain and simple selling bounces. Saw the same things happening each and every time this pair tried to bounce.
Prefer to play Eur/Jpy, which imo, has more upside potential. Mr Bernanke's testimony yesterday left hardly any room for interpretation ... US econ is like a dead man walking. This is new territory for policy makers, time for experimenting, time for another round of money printing.
As usual, just my 2 cents !
Prefer to play Eur/Jpy, which imo, has more upside potential. Mr Bernanke's testimony yesterday left hardly any room for interpretation ... US econ is like a dead man walking. This is new territory for policy makers, time for experimenting, time for another round of money printing.
As usual, just my 2 cents !