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Old 25-07-2006, 20:40   #94
rufffen
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Re: EUR/JPY CYCLES UPDATE Part1

USDX: Nothing exciting that I can see, I maintain more bullishness mid-term, elsewhere SP500 rallied as per my post last week, however far from the topping action, give or tak 80-120 points from current trading levels. XAU gold looks like setting up for break below 613 but not just yet, might take another small rally for 630-650 area before proceeding with the descent to sub600 and 560 BUY ZONE. Updates as the prices close by the targets.

USD/JPY rally update:
Looking at possible scenarios on yen Id say this uptrend is not complete yet, we can do anything in range of 119-121 august.

What I see if potential timing for the trend reversal around 08.20-08.26, time would be more clear as we close by that range.

Currently Ill look for friday first week of august to present 100 or so pips reversal opportunity, this signature has done over 80% spot on for 100+ pips so far, these trades not posted here though.
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