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Dynamic Trader Blog - Forex Chart Pattern Signals

Friday, June 29, 2007

Yen

Chart courtesy of Metastock. Data provided by Reuters. Daily USDJPY.

The signal on the USDJPY yesterday should be qualified because of the strong uptrend we have had recently. Use your indicators or filter to get your confluence prior to taking a position on this. At the least wait for a break below the low.

Have a good weekend.