Wednesday, February 22, 2006

USDJPY monthly chart



On the monthly,

solid support @ 114 & 108

stiff resistance @ 121 & the red trendline. There is also the 200-month MA.

If she breaks thru' then we have something for I believe we've gotta retest 135, then onto 145-150, the domain of the Fib 23.6%.

Fib 38.2% = 192.

If we are truly in V then this figure is but miniscule compared to where we will end up.

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