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Thursday, February 5, 2009

USD/JPY 05/02/2009

USD/JPY

UJ has tested the red resistance line again and failed to break. It has remained in the down trend channel and price is moving between the channel. Since it has tested the upper red channel a few times and retraced, it might break it and become bullish eventually in the short term. For now, we are holding on to the shorts.




1 comment:

  1. Good work!
    Well Done i like your views and i fully agree with what you say about UJ performance so far this week.
    Keep up the good job!
    Cheers
    cempaka

    ReplyDelete