Member
Posted 22 January 2016 - 10:07 AM
As expected, after looking at yesterdays 12 hour chart, USD JPY now back up to the 118.40 area...if it manages to plow through today, then 120 area should be the target zone for what could be short of the year....
hourly 900 currently at 120.24 and falling....if we get the back kiss, could be the back kiss of death before a rapid descent into the big air gap....
If bulls cant hold above 118.40 level today, then next wave down may start sooner....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 22 January 2016 - 12:42 PM
118.40 broken upside and back tested intraday....as long as it holds bulls, still have things under control...
back below today now would signal something not right with rally....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
