January 26th, 2010 – The USD JPY has extreme bearish bias momentum, it’s currently at 89.60 . As noted before, the 90.30 resistance is holding very strong at the moment and if the USD JPY decided to go above the resistance; then it would be re-entering into a neutral bias. I wouldn’t suggest for anyone to hold a (Buy) position at this time, it is expected that the USD JPY to go on a downfall and to hit the 87.35 resistance (other experts are suggesting as low as 84.81).
In other notes, I have sent an email out to my newsletter subscribers to please read it and enjoy there new made 50 pips profit : )
