- Story here turned into 1 of uncertainty, crossroads.
- Uptrend lines broken but failed to follow thru and now all pulled back to TLs
- Market split between risk aversion/risk taking.
- Technically not clear. Poor odds either way.
- If forced to choose, would assume pullback to TLs is for selling into. Otherwise, stand clear, for now.
- The weak USD trade (see previous post) looks good. Probably best not to link it to the above (risk appetite) though to avoid mental blockage. Keep it purely technical.
21 July 2009
Yen Crosses : Undecided
Labels:
FX,
Yen Crosses
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