FXCPS

Forex Chart Pattern Signals

Thursday, August 31, 2006

Yen up Overnight

Yen continued in strength overnight despite reversal formations. However, it has produced a double top this morning. I would normally say short now but both Presidents are speaking today & volatility will be high so unless you are a risk taker (although risk is limited as stop should be just above previous top) stand aside until the volatility has calmed down later today.

Have a good day.