- Monthly : Downtrend
- Weekly : Bumping against bottom of a 9 months sideways range now. If we punch through, it could be a fierce and sharp move down.
- Daily : Current move looks like a new leg down.
- Trade : Initiated tiny short USD/JPY at 80.25 as feeler trade. That way if we do break down suddenly, I am mentally already the right way round. Sometime a mental headstart makes all the difference.
06 June 2011
USD/JPY : Near Breakdown ?
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