Saturday, May 29, 2010

USD/JPY & CHF/JPY Observation

I might be taking short on these 2 pair for the coming week. If you zoom nearer at the USD/JPY chart, the candlestick may not look as good. It looks more like an uncertain candle. But if price does move down to the low of the candle, i might be shorting it.

As for the CHF/JPY pair, price pierce through the 79.00 which is some what an important level if you zoom out from the weekly timeframe.

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