yup, looks like the yen carrion traders are back in business. Took a small long on USDJPY at 122.52, target 123.
I Just made these orders EUR/CAD 1.447 Sell NZD/JPY 95.5 BUY GBP/AUD 2.355 Sell AUD/CAD 0.913 SELL CAD/JPY 116.2 Buy AUD/JPY 105.7 Buy EUR/JPY 168.2 Buy AUD/CHF 1.0412 Buy USD/JPY 122 Buy for today...Maybe keep till monday
A whole slew of Canadian releases at 8:30 - expect effects of high loonie to show in lower mfg shipments & car sales, higher inventories ... if so, could cause a rapid 100+ pip climb. Then comes CPI and leading indicator on Wed ...
Seems The Loonie Charts Suggests That (Green Line) for a day or 2 1.042 area Still trend is south though GL
High=0.626552456*Close+0.393085086+2*0.00195016 Low=0.575110733*Close+0.440162563-2*0.001634459 close is any 30 minute close with those you will be 5-6 hours ahead of Loonie's Level It's just simple math to short it for next few days