Is it time now?…USDJPY
Posted on July 06th, 2008 in Trading Journal
Firstly, I don’t trade this pair. I have some negative biased views for both Dollar as well as Yen. I use this pair for analysis purposes. Alright, enough of nagging. I see weakness in Yen (that’s one of the reasons I am long AUDJPY now).
In the , what I call, a ’short sighted’ view, USDJPY is trying to run up the 111-ish level. Let’s see how it works out.
Here is the….CHART!
And here are some statistics. ‘Short sighted’ view, we are in Uptrend.
By Trader Gav
From the desk of Tradergav.com
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