Ah - finally they've come out......good job I closed my long scalp in cable on the spike up....http://www.forexfactory.com/images/icons/icon10.gif
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DislikedThe next hourly close - i think is critical...if price remains above 206.05
and there is no major news upset...then this baby is going up....
remember....whenever theres a wedge - there is always a fake out first before markets corrects to the real positionIgnored
Dislikedi am thinking maybe higher.....usdjpy has a good chance to break it's upper tl and major resistence today. if that happens, we will probably see a retest of the 208.50 area....coinkadinky, this has been the pattern for the last few months.Ignored
Dislikedi am not convinced, we had a push up and technically seen (despite news) a rejection, we dont have a base yet above 206. all depends on yen (the currency), as soon as it starts to strengthen it drags usd down and thus eu and gu up.
did we have any bad japan economy news indicating a selloff? just want to know in case i missed it..Ignored