05 December 2012

USD/JPY : Long @ 81.81

  • Missed buying the initial break of 80.61, but managed to get in at 81.08, out first round at 82.55.
  • Last night, re-entered long at 81.81.
  • Weekly : Good example of periscope price action that worked well. We should challenge 84.00 soon.
  • Daily : Perhaps a triangle consolidation going on. In any case, buy dips suggested by technical picture.
  • Monthly : If we really have bottomed out, the upside can be tremendous. Don't lose your long positions.

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