Thread: EUR/JPY CYCLES UPDATE Part1
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Old 07-12-06, 01:08 PM
rufffen's Avatar rufffen rufffen is offline
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Re: EUR/JPY CYCLES UPDATE Part1
US session update: Since USD/JPY is pushing towards 116.20 and minor wave degrees on EUR/JPY point to further upside, won't recommend any more SHORT trades, before YEN tops out. It would be a definite and clear reversal signal, need to wait for that.

Meanwhile EUR/JPY could push beyond 148 soontime, it doesnt mean that the new downturn is off, this item needs to let the steams off before reversing SOUTH. 147.80-148.60 is about max it can do now.