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 USD/JPY - Report for weekend
 
 2/1/2007 8:49:37 AM
User is offlineJaylon
4 posts


USD/JPY - Report for weekend
 On Monday it reached at the 114.50 level area and then on Wednesday increased up to 116.50.

There is side exchange fluctuations within the 114.50 - 116.60 area.
Recommencement of side exchange fluctuations within the 114.40-116.60 region can be expected. But its chances are bad. Last week the lower fluctuations limit fell to 114.40. But there wasn’t less than 114.00 limit decline. The upward trend up to 116.60 says about high probability of overcoming of this limit as well. These side exchange fluctuations limits overcoming will lead to the next two development (20%).

 There is a downward trend to the 113.40-114.00 area.
The course decline can continue in case of fixing below 114.50. In that case the nearest decline target of the 113.40-114.00 region will easily be reached during the week. After that the correcting rebound can arise again (40%).
 2/1/2007 11:04:49 AM
User is offlineBrianTran
155 posts
5th




Re: USD/JPY - Report for weekend
Is this the report for this week? We're currently quote near 120 since mid-january?
The sum is greater than its parts.
 2/1/2007 11:08:17 AM
User is offlinegraham
5 posts


Re: USD/JPY - Report for weekend
The USD/JPY ratio has risen in the last week. Weekly increase amounted to almost 200 pips and arrived at 118.30. Uncertainty still prevails.
Head & shoulders figure working-off is likely to be unrealized, since the USD/JPY course got over the neckline as a resistance.

Script 1 (50%): Side exchange fluctuations within the 117.40 - 118.60 area.
118.60 level achievements may lead to rollback and to side exchange fluctuations within the 117.40 - 118.60 area generating. These side exchange fluctuations levels overcoming will lead to the next script development.

Script 2 (20%): Downward trend under 117.00.
In case of a downward trend less than 117.40. Head-and-shoulders figure working-off script which is viewed in our previous reviews will reestablish. Course decline will continues in the area of 115.00-116.00.
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