Tuesday, May 12, 2009

Forex - Japanese Yen Bottoming Pattern



I'll let the above chart speak for itself. Inverse head and shoulders pattern in the Japanese Yen.

5 comments:

Anonymous said...

Do you think it's a death kiss to equities?

Anonymous said...

Hmmm, does this not usually correlate with a falling stock market and a general resurgence of the "fear trade"?

Thanks, Joe

Kevin said...

A rising Yen might put pressure on the stock market...but I choose to trade each market based on its own techncial patterns.

Anonymous said...

amazing head and shoulders.i could see the head and shoulders but my neckline was different and off.how did you do yours?how long have you been trading for.you must have made some big bucks by now

Anonymous said...

so wat do you think the yen is doing now kevin?

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