By Sean Hyman | May 14, 2009
USD/JPY has a daily head & shoulders pattern that broke below a neck line yesterday (extremely bearish pattern). So the dollar is getting clobbered by the yen. However, AUD/JPY, NZD/JPY and GBP/JPY are doing pretty good this morning after taking a bloodbath yesterday. These yen crosses have been very volatile lately…so lots of opportunity for the shorter term trader. Go where the movement is!
No comments:
Post a Comment