Fri, Sep 25 2009, 15:14 GMT
by Anthony Samaha
(25September US) Latest Impact: 110pips USDJPY Mission Accomplished!
Off the bed the world fell yesterday! Pound in deep deep trouble! Gold followed, and on the way the commodities currencies. NZD should be on the start of ‘selling’ click for next month, and the dollar should V-run well towards the year end. Let us not bargain further for European strength, although nothing is ruled out, but a start to trade against the trend is becoming on the peak. Parity is back uttering on the screens for eurgbp, an indication that the pound$ has further to spread its legs and getting the readiness for a crack.
The 110pips of USDJPY comes from ForexSurvivor Weekly Weekend Newsletter dated 11 & 18 Sep, and more to come using the strength of the Yen. It is going to be scary, and I suggest avoiding smartness with those morphine indicators that would indicate a top (or bottom usdjpy) in yen. Any rally is a sell, and any intervention [which is going to last couple sessions only] is as well a better sell. Do not rule out 80, sorry, I mean 50 in the coming weeks! A stop for that bearish move would be launched once September is out of the way through ForexSurvivor Newsletter. You have just been warned!
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Published on Fri, Sep 25 2009, 15:16 GMT
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