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Stop loss should be below the lower trend line.
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Tuesday, February 24, 2009
USD/JPY 24/02/2009
UJ has returned back into the uptrend channel. And it has also broken above the recent high of 94.64. We may see it continue its uptrend in the short term. We may see it test the upper trend line of the uptrend channel. Currently we can witness a flag formation on UJ, we might see it create a long blue bar if this flag formation is successful with good volume.
Stop loss should be below the lower trend line.
Stop loss should be below the lower trend line.
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