Practical Tips For Newbie
8 years ago
"There is only one side of the market and it is not the bull side or the bear side, but the right side." - Jesse Livermore
132.0 hit0 comments Thursday, September 23, 2010downwards today???0 comments Monday, September 20, 2010Japan Can't Curb Yen's Gains by Acting Alone, Bank of Korea Governor Says0 comments Sunday, September 19, 2010Japan can’t resolve the difficulty of the strong yen unilaterally as currency-market intervention by a single country has limited effect, Bank of Korea Governor Kim Choong Soo said.Read more here. confluence of two trend lines and 135 round number0 comments Saturday, September 18, 2010
The upsurge due to the BOJ intervention is now stalled at the confluence of two crucial trendlines and 135 round number. Unless price breaks upwards, the major downtrend is still intact.
As the first attempt will usually fails, there is a possibility that the price will retrace downwards to re-test the broken resistance which now should turns into support at 132.00 area. Only then, we could see whether the BOJ is still insisting on the intervention or not..... BOJ intervention0 comments Wednesday, September 15, 2010
Just for record....
Source: Bloomberg The yen fell after Japan intervened to weaken its currency for the first time since 2004.
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