Hi What's happen in Iraq we don't know but we can have prediction about situation ... The price should continue to move upwards in a range of 1.4430 to 1.4500
Right, tomorrow, I can almost promise this one, USD patriots will be taking us to 115.5-116, the answer lies in USDJPY 2 hour chart's histogram
If it doesn't go to 116 and possibly 118 setting up either a bear flag or a totally unexpected by most reversal, then I will be extremely disappointed. USD to bounce!!! Time is right, time is now, buy USD <img src=http://elitetrader.com/vb/attachment.php?s=&postid=1669012>
if potential reward outweighs risk factor & you base it on a proven technical pattern then there is absolutely nothing wrong with catching a falling knife, I do it all the time, this time obviously there are no buyers around on my time frame. I've bought USD before when everybody was going - Nah, it's going lower, it didn't. Even though it appears that USD showing weakness being close to an obvious support zone, do not be surprised IF/WHEN PPT comes to the rescue of USD. I am out on this one for now, let's see what happens.