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eternalfuture · 04-11-2003, 23:05

Rezo,

What I posted lately was just an alternate view.

Previously, I had just one view. Now, after studying it further, I see a possible alternative here.

As long as the gap at 1.1382 is not filled, I'd stick to my latest view (the alternative).

However, if 1.1382 is reached at anytime, I'd give up my alternate view and back to my previous view.

Like they said: It ain't over till it's over.

Nice H & S in usd/jpy.

Might extend to 109.00

Japanese yen, I think, is capable to drag other currencies, which in turn gives impact to other major pairs. Recent yen strength dragged euro, gbp, and chf down.

Looks like we have a moment of consolidation yesterday. Perhaps we may test yesterday's high again. But overall the pressure is still on euro to break lower.

We'll see that later.

Good luck, everyone.

Thanks for the chart, Rezo.

04-11-2003, 23:05	#23 (permalink)
eternalfuture Padawan Join Date: Aug 2003 Posts: 892 Rep Power: 0	Alternative Rezo, What I posted lately was just an alternate view. Previously, I had just one view. Now, after studying it further, I see a possible alternative here. As long as the gap at 1.1382 is not filled, I'd stick to my latest view (the alternative). However, if 1.1382 is reached at anytime, I'd give up my alternate view and back to my previous view. Like they said: It ain't over till it's over. Nice H & S in usd/jpy. Might extend to 109.00 Japanese yen, I think, is capable to drag other currencies, which in turn gives impact to other major pairs. Recent yen strength dragged euro, gbp, and chf down. Looks like we have a moment of consolidation yesterday. Perhaps we may test yesterday's high again. But overall the pressure is still on euro to break lower. We'll see that later. Good luck, everyone. Thanks for the chart, Rezo.