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Yen Wrong Foot
Sun, Jun 29 2008, 20:12 GMT
by Anthony Samaha
ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.A. (30 June Asia) Latest Impact: Wrong Foot
Last week, North Korea demolition tower falsified the move in yen and its crosses (also in the equity market). Such destruction will put the country out of plutonium business and the US begins a process of removing N. Korea out of the terrorism list.
Since US Secretary of State Condoleezza Rice is happy about the demolition, let the focus shifts now towards the correction move of Yen crosses as top was halted abruptly without total completion.
Dollar base should be temporary held for more than few sessions albeit allowing a light descent before bulls enter a corrective channel that may last till ECB releases its said increasing interest rate.
B. Signal
CHFJPY: Sell Opening and close the trade after 10hours if position is profitable; else, we will keep position open and will update it on time.
Limit Order Valid till 00 Jun
C. Mission Accomplished:
N/A
Position(s) Closed
D. The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Published on Mon, Jun 30 2008, 03:01 GMT
Archive
- 10pips GBPUSD Mission Accomplished
Published On Mon, Oct 13 2008, 05:48 GMT - USDCAD loss of 367pips turned onto profit of 843pips
Published On Thu, Oct 9 2008, 15:30 GMT - USDCAD update with lock 163pips
Published On Thu, Oct 9 2008, 14:39 GMT - USDCAD reversal target on the way
Published On Thu, Oct 9 2008, 02:04 GMT - 100pips GBPNZD Mission Accomplished
Published On Wed, Oct 8 2008, 08:56 GMT
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