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Re: Thoughts on Buy Low, Sell High
JPY Week chart
low 108.99 on 5/19/2006
high 124.15 on 6/22/2007 elapsed time little over 12 mos.
current price 114.31 low today was 111.58
after price hit the 112 area it quickly bounced up some 200 - 300 pips in a relatively short period of time. Seems like 112 was low compared to the highs and lows stated above.
Based the technical levels
low 108.99 on 5/19/2006
high 124.15 on 6/22/2007
current 114.31
based on this i would say that the a move upwards is more likely.
What is your assessment? What time frame would you choose to look at the market and which direction do you think that it is likely to head?
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