Thursday, December 7, 2006

USDJPY 12-7-06

12-7-06

USDJPY

The short trade at 1.1550 was missed yesterday when the USDJPY ran out of gas at 1.1536. I hope we get another shot at it, but it is not looking like that will happen any time soon. I am not interested in a long trade since the area of support at 1.1450 has been tested twice already and there is a new breakdown supply area at 1.1500. You are welcome to trade that range today, but I will pass.

No comments: