ian_arifin Posted September 13, 2012 Report Posted September 13, 2012 USDJPY Intermediate-Term Bearish Target price range: 75.2 - 75.7 Tells Me: The price broke downward out of a trading range suggesting we're entering a new downtrend. The Downside Breakout represents a trading range in which prices move sideways between two parallel horizontal lines. It's often a pause or congestion area within an existing trend though sometimes the breakout results in a reversal to the prior trend. Either way, a downside breakout through the lower support line signals an end to the consolidation period and the start of a downtrend. Check out the details here: http://lnk.recognia.com/KJ Got this from free Saxo downloadable platform Kristianto 1
Kristianto Posted September 13, 2012 Report Posted September 13, 2012 i think after the ecb announcement the usd is going down!
ian_arifin Posted September 13, 2012 Author Report Posted September 13, 2012 USD Economic Data US Jul. Consumer Credit fell -$3.3B vs. +9.2B expected and +9.8B in Jun. US Aug. NFIB Small Business Optimism out at 92.9 vs. 91.4 expected and 91.2 in Jul. US Jul. Trade Balance out at -$42.0B vs. -$44.0B expected and -$41.9B in Jun.
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