USD/JPY Profit Targets 7 Oct 2009
October 7th, 2009
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Originally posted by “FibMaster”; Wed Oct 07, 2009 5:03 am
In case anyone is trading USDJPY long on that quick rally.. Higher time-frames show lower highs and lower lows, down-move. Two resistance areas, profit targets.
I would usually expect the lower resistance to hold, but with that up-thrust, the second one is possible.
30 minute chart attached.
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Originally posted by “FibMaster”; Wed Oct 07, 2009 7:15 am
In case anyone wonders about the accuracy of FibMaster’s charts…
Updated 30 minute chart attached. Powerful reversal right at my predicted resistance level.
Fibonacci + TRSI = WOW!
