Friday, November 14, 2014

japanese yen target .... bottom in sight?

The japanese yenlooks to be very close to putting in a bottom as we are currently closing in on a downside target of 8493 and I will be taking a long position here as I believe the 5th wave will complete here. (again this is a low risk trade as I will be risking about 30-40 points on the downside.)

 as we still have about 90 points on the down side left to go I will be watching for this target to hit.

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