View Single Post
Old 20-11-2008, 03:29 PM   #15
jeffsmith
Guest
 
Join Date: Oct 2008
Posts: 91
1 SGD = 62.260 YEN
Zzzzzzzzzzzzzzzzzzz
The position of Yen is not good as market data are saying something else.

USD/JPY intraday: capped by a negative trend line.
Pivot: 97
Our preference: Short positions below 97 with targets @ 96.35 & 96 in extension.
Alternative scenario: Above 97 look for further upside with 97.75 & 98.25 as targets.
Comment: the RSI calls for a new downleg.
jeffsmith is offline   Reply With Quote