Firstly, I don’t trade this pair. I have some negative biased views for both Dollar as well as Yen. I use this pair for analysis purposes. Alright, enough of nagging. I see weakness in Yen (that’s one of the reasons I am long AUDJPY now).
In the , what I call, a ‘short sighted’ view, USDJPY is trying to run up the 111-ish level. Let’s see how it works out.
Here is the….CHART!
[photopress:usdjpy06jul2008.gif,full,1]
And here are some statistics. ‘Short sighted’ view, we are in Uptrend. 🙂
By Trader Gav
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