Monday 16 March 2015



I have been watching the EUR/USD and USD/JPY charts for hours now, but the situation remains the same – both pairs are in consolidation that is unlikely to end any time soon. EUR/USD is slowly headed for 1.08, perhaps even 1.10, while USD/JPY has been testing the resistance around 121.80 for days now. I think USD/JPY might be forming a double top, but that depends on whether or not it will be able to break above that resistance. I certainly will not be opening any new long positions before that happens.
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5 comments:

  1. Unknown16 March 2015 at 15:35

    My eyes on all the euro pairs.

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  2. bewayopa16 March 2015 at 18:56

    Good and clear movement!

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  3. Anonymous17 March 2015 at 03:04

    Very nice tip I'll be watching those two pairs.

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  4. Unknown17 March 2015 at 04:52

    So far this week UJ upside momentum remains limited around the mid 121.00 level.

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  5. Unknown22 March 2015 at 10:45

    Where is this going to lead? Who knows...

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