The Trader Advantage: Usd Payback Time On Jpy - Mar 10 10 14:38 EST
TheLFB-Forex.com A Forex Trader Portal
The Trader Advantage: Usd Payback Time On Jpy
Excerpts taken from The Trader Advantage Program
Overall View: Upward price action as long as the 88.13 support holds
4 Hour Chart Flows: Short. Price Points: 88.13, and 90.67 Looking for: Wave B/2
Momentum: The pair moved into long mode after the Bank of Japan instigated further quantitative easing that will weaken the Jpy over time, but right now, the market is still holding long-Jpy positions.
Elliott Wave: Usd/Jpy is trading in a corrective decline, shown as a black wave B/2, after our black wave A/1 hit its highs at the 90.76. zone. A Short correction is incomplete, and the market should make at least one more push lower into wave (c), once a current wave (b) finds the intra-day highs somewhere below 90.67 resistance.
In the near-term we are expecting that the 89.00-89.30 support zone will be reached, from where an up-side continuation is expected.
TheLFB Charting: Usd/Jpy 4 Hour View
Join TheLFB Trade Team For Live Online Forex Training With The Pros!
Timing The Forex Trade- A Former Central Banker Reveals All
Course: Detail and Content
Sign-Up for Sat March 13th or Sun Mar 21st 2010
Earn Full Credit On Your Tuition Fee!Course attendees who sign-up for the Trader Advantage Program (TAP) receive the 3rd month of TheLFB Trader Advantage Program free* Get an advantage and subscribe to TheLFB Trader Advantage Program. Enhance your MT4 platform with LFB data and analysis. Put the training course to work long after the course concludes! Save $197! Ask Us How
Trade Signals and Plans Straight Off The Meta 4 Charts- Get TheLFB Trader Advantage
Provided by TheLFB Trade Team, © 2007-2010 LFB Services, LLC. All rights reserved.
TheLFB Risk Disclaimer
