View Single Post
Old 05-08-2006, 18:37   #159
rufffen
Zone trading
 
rufffen's Avatar
 
Join Date: Jun 2005
Posts: 1,058
Downloads: 2
Uploads: 0
Rep Power: 5rufffen is on a distinguished road
Post Re: EUR/JPY CYCLES UPDATE Part1

Here's a longer-term USDJPY scenario that's likely to be on the cards for the time to come. There will be some correction of the downtrend later towards this Friday - early week after the FED rates come out (possible on positive USD news, maybe temporary cease fire).

What one should be aware of is that GBP seems to be the locomotive of the uptrend, and since it established new highs this year, EURO will do the same, only a question of time now (2-3 weeks at the most).
Attached Thumbnails
Click image for larger version

Name:	usdjpyd.gif
Views:	11
Size:	32.1 KB
ID:	24056  
__________________
rufffen XAU spot gold and majors trades(click)
trading zones for the month of April 2008.(click)
trading zones for the month of May 2008.(click)
2516 pips trading one lot in April 2008.
rufffen is offline