Archive for January, 2010
Be careful going long on GBP/JPY
Daily:
4H:
We’re inside the bear flag yet, a breakout below 147 area is recquired first, for further down movements. Technically GJ is forming a BIG bearish bear flag on 4h.
Risk Aversion Helps Dollar Bounce
U.S. Dollar Trading (USD) weaker than expected JP Morgan Results offset some upbeat Intel numbers to lead US stocks lower and help the Dollar gain into the weekend. Also adding to the renewed risk aversion was weaker than expected UoM Consumer sentiment at 72.8 vs. 73.9 forecast. DJIA -100 points closing at 10609, S&P -12 [...]
