Friday 27 August 2010

$Yen

Two views of USDJPY one a 144 tick chart on Ensign and the other a 15 min. Activity around the reaction lines shows me that this is just one fork 'in play' right now....however price looks undecided even after the US data and could go either way. I suspect we will get through the RL and go higher.
PS: The Ensign platform has the added bonus of drawring the 50% reaction lines which are invaluable as price interacts with these as much as with the full 100% period RL.

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