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Monday, May 28, 2012

$¥ USDJPY 8015 Serves as Bullish Pivot

Every day bars

eliottWaves_usd-jpy_body_usdjpy.png, USDJPY 8015 Serves as Bullish Pivot
"After several days to the tracing of 61.8% from the rally of the lowest in February, the USDJPY rallied impressive and is again claiming with average and 20 days trendline resistance." Over 8055 would break the series of lower highs since the top focus and shift from March to 8180. Yet, I like jumping the gun to fire on long with a stop under 7900. "The pivotal distributed upward may be moved to 8015.
LEVELS: 7830 7900 7970 8015 8060 8150

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