78.30 was last months Dollar High in the Yen. This equates to a 127.79 (H) Futures low. A close above this area in USD/JPY ( below in the Futures) will set the Yen crosses on fire! 78.39 is the 200 … Continue reading
The 200 day in the yen futures comes in app 127.50 (H) USD/JPY level is app 78.45 + a small wiggle of a few pips for the forward. This will be a level in the straight Yen to watch for … Continue reading
They are in play…should have read Yra Harris ( http://Yrah53.wordpress.com) with both eyes open last night! EUR.JPY is attempting an ORH week with a close tomorrow over 98.85 GBP/JPY …a reversal higher week AUD/JPY…this looks good as well with 80.56 … Continue reading
Most of you know I’m a big fan on Dr. Nenner’s Technical Model. Today he has a breakdown level in the Euro on a close below 135.50. Classic…he nailed the level and the market is now gravitating to it. I … Continue reading
1228 S&P 500 2332 Nasd 100 883590 Midcap 400 73510 Russell Closes are needed over these levels for Outside reversal patterns. This simply shows we can have a decent break with the underlying chart pattern remaining intact. The Yen crosses … Continue reading
The game is afoot. A close over 76.80 USD/JPY (Under App 130.30 Futures) should lead to another figure higher in the straight dollar as well as another figure in EUR/JPY and possibly more in AUD/JPY.. This type of price action … Continue reading
Dr. Nenner this A.M. has put out a recommendation to buy USD/JPY @ 75.50 ( sell Yen). If we get there the stocks will look like they will implode. This level is app 132.45 Sep. Futures. Since this level is … Continue reading
SPU…1178-86 is the key resistance level. Only a close over 1187 will have me thinking the worst is over. Many instruments completed multi-year swings or came close Monday night into Tuesday. OIL, CAT are stand outs. AAPL..old resistance become support … Continue reading