Mittwoch, 20. Mai 2009

USD/JPY head-and-shoulder-pattern update


USD/JPY hard-and-shoulder-pattern shows no real follow through, as expected (see my posting). The the neckline was tested several times and the pair fall back, so the downtrend should resume as suggested by the pattern. I took a short at the second neckline kiss (around 96.30), but am going to take profit in the 95 level. This pair is a punchball of the equitymarket and to trade it is quite a mess recently.


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