Monday, October 22, 2012

Intraday Analysis

USDJPY:
decent short recommendation at 79.65, count has changed a little by overall still intact.

EURUSD:
potential short at 1.3075 for at least a retracement.

USDCAD:
maintain buy on dip to reach first target of 1.002.



sidenote:
Asia has performed very well to the US sell off. i m stunned by this. bears pls take note.

update1:
USDJPY close to wave violation. all yen pairs will be affected. there is also a significant moving average and a close above this 200 sma is bullish

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