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eTalkForex said it 5 days ago

We wrote on 17th June 2006, on our weekly news highlight

Effect: USD/JPY eye on 116.00, the yen will keep falling against all majors next week as well as China’s yuan goes down against dollar. Yuan is considered to be a proxy currency for Yen due to the huge trade exchange Japan and China has between them.

USD JPY H1

Before end of this week, USD/JPY hits 116 mark no problem what-so-ever! Well, I’m just showing off but it always feels good to be right when you get to make 100+ pips with fundamental analysis with the aid of technical indicators.

Who missed it? :)

This entry was posted on Thursday, June 22nd, 2006 at 6:50 pm and is filed under Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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