10-17-08
3:00a GMT – I thought I would change it up today and do an analysis of USD/JPY since I haven’t posted on this pair for awhile. The pair has seen some dramatic volatility in the past months, going from a 10-year low 8 months ago, steadily rised 1000 pips for 6 months, and has seen a 1000 pip drop in the past 2 months. In the long term I see this pair bouncing around in the sub-100 area to low-100 area, possibly in a range trade situation. As such, I am looking for bullish reversal signals between the 99.00-99.25 support area.
Trading Idea: Look for bullish reversal signals between the 99.00-99.25 support area, with long targets favored back up to  101.85, 102.85 and 105.00.
(click to enlarge)
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