- The periscope upside breakout on the weekly chart is almost baked now. Short of a dramatic reversal to the downside sometime during the rest of today, the technical picture is unlikely to change too much from that captured here. ie bullishness confirmed.
- Core : Long since 81.08. Trailing stops taken out at various times but have managed to hang on without too much difficulty. Expected close above 85.51 tonight is a new buy signal. Will assume that this will happen so angling for a nice location to increase position by an additional unit over the remainder of today's session. (now 86.46).
- 92.45 remains the inverse SHS upside objective. Against a stop < 85.51, a fresh long trade at current levels still makes plenty of sense in spite of the big move that's already taken place.
28 December 2012
USD/JPY : Chart Update
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3 comments:
+86.34.
-87.77 on 25% of position.
-87.85 on another 25%
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