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Originally Posted by golhuntsleep
all the yen pairs are getting near some peaks.....when they fall from these hieghts, I expect them to hemerage so instead of trying to find many tops I'll be looking to trade breaks of supports.
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Hey Gol-
Where do you consider these peaks to be? I see USDJPY climbing to 125 (I think there might be a bit of resistance in the 123.50/75 area but after that, free and clear) and GBPJPY around 250. Do you see the subsequent fall to be more corrective in nature with a rally further up, or will it indicate an impulsive decline with further lows?
Also, are you still going to set up a room/thread/whatever for wave counts or will it remain on this thread?
Thanks!
-G550