145.76 i think was an important level. if can hold above this could be support for longs albeit were fighting a downtrend weather it's a correction or not it's still a downtrend until the technicals tell us otherwise. should we get over 147 it will be more likely we go higher but between 147-148 can expect volatility until trades steadily above 148. again much overhead resistance but the weekly trend looks like the gbp/jpy has reversed and you can rest assured they want to test the higher levels and get above 150. we'll just have to wait and see. dow futures were negative last time i checked and oil looks like it wants to dip below 50 which will have investors more nervous than optimistic which may be why we have such volatility. the risk however is to the downside as long as downtrend remains intact and if trades below 147 however notable attemps have been made to push higher.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
