Highjacking your thread with a long term view of the yen.
What do you think MKT? If this plays out (i.e U/J reaching 135) , GBPJPY will also make a higher high (+250s?)
We haven't yet touched the monthly support which is at ~ 114 though we might get a spike further below, so i think another drop will take place before the real big push up.
http://img101.imageshack.us/img101/8...monthlyha1.jpg
What do you think MKT? If this plays out (i.e U/J reaching 135) , GBPJPY will also make a higher high (+250s?)
We haven't yet touched the monthly support which is at ~ 114 though we might get a spike further below, so i think another drop will take place before the real big push up.
http://img101.imageshack.us/img101/8...monthlyha1.jpg