Thursday 29 April 2010

USDJPY trade-Update













OK, US opening saw USD higher vs JPY and we have broken through the white UMLP and the longer term pinky/red that has been holding price back for days but not convincingly broken through on a higher TF( see small 60min chart). Higher highs and higher lows BUT we still (in my opinion) need to take out the high at 94.30... today...On the hourly chart we have a retouch on the UMLP.....so far ,so good. stop to break/even.

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