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The amazing YEN
Nice loud speaker pattern here. These usually end up really bearish. Not always though...
This tells me the market has no clue what direction it wants to take it. Possible a lot of noise in the process of forming a top of some sort. What ever happens the next major leg will be very significant if we can kill this speaker pattern..
Zooming out on the one day chart there is a pretty clear head and shoulders as well. We are basicaly at the neck line right now at 110.53.
Wagers are in . I just short @111.60 with a stop at 111.10. This could be a major shorting op. First target 110.23. Probably will hit tonight.
If oil can pull back here we will be in even better shape. I have a feeling that was the main reason it was holding up this afternoon.
comments welcome ofcourse
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