Japanese Yen Update
The Japanese Yen has tested the high from last month and appears to be having difficulty breaking through resistance. If resistance holds, there is a good chance that the yen will establish a double top. The double top formation will be confirmed ONLY if the low from two weeks ago is taken out.
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4 comments:
Are you still holding to inverse S&P vs the Yen theory? Seems to be holding true. Could be a positive sign for the markets if the Yen is held here.
looks like it might have just broken support.what say you ;
Another great post. I like how you have the patience to wait for confirmation before getting into a trade. Too many traders just get in front of a major trend, and get run over.
Kevin
Culd you have another look at the CAD, EUR and Pound charts and see what you can devine from them. Many thanks
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