The markets can handle some uncertainty, but the lead-up to the Fed’s eventual announcement on tapering may be stressing the system
Wednesday, August 22, 2007
EurJpy update
Instrument = EurJpy
timeframe = 1 hour
currenct wave = correction wave iv inside wave 3.
comment
Focus on upcoming weakness to below 149.27.
Shorter term, while 153.89 support is intact allow for price to exceed 155.93 possibly carrying towards the low 157s before downside resolution takes hold. If price breaks down from around current levels tho', that is very acceptable to me
al yaqen's
yaqen.canteen@gmail.com
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