The bias is still down, I'd stick to the demographics indexes to see what the direction will be. They tend to correlate into the EUR/JPYOriginally Posted by ;
 |
 |
The bias is still down, I'd stick to the demographics indexes to see what the direction will be. They tend to correlate into the EUR/JPY
I follow my machine,yen should weaken
Im talking about today.
So far we have failed too create a lower low lower than the prior low potential exhauastion
Ok let's try this
exit 7
When we get down to 161.00 perhaps we will see a lower low could get interesting
160.94
I concur 59frnder (btw, hope that refers to the guitar, and not some random car part My tendency is farther down (as hedge funds etc.) continue fixing up to cover losses elsewhere)- the actual evaluation should occur around 160.60 - The week itself could be a little odd, as it is one of the three enormous vaion weeks in Japan. That may have had it's biggest impact a week (helping push the sell-off), in addition to the fact we are getting close to the next BoJ meeting (Aug 23?) , and the ending of the Japanese financial semester (end of September). To say nothing of European currency woes...
Like I was saying that the bias is down, encourage at 160.85 was busted so I'm looking at 160/159ish again in the London session. Until the Japanese find religion and begin buying.
Posting Permissions
Reply With Quote