Monday, March 12, 2012
YEN Crosses - Time to Rest & Reverse?
Looks like H&S, doesn't it?
Looking for 105 and below if the Resistance at 110 holds, however it seems like forming a lower Top.
Trend is still down. Ichimoku cloud is still making it hard for the Longs.
Same here. Betting on Lower Top formation + overextended momentum technicals.
Rather non-spectacular performance these last 2 years for "The Beast". Still under pressure.
Overextended techs and weak below the past Resistance levels around 130. Looking for a revisit of 126 at least.