Support and Resistance Trading Forum

Trade du Jour
By:Erich (vendor, CTA)
Date: 6/2/2008, 12:26 am

It's not quite set up yet; however I think we could see the June Yen continue to slide this week. I would like to see a bit of a pullback to start the week but not too much of one - somewhere back to the resistance at 9570-ish would be ideal. I should be covering a break through support, but given where we are right now there's too much of a chance that it might be a false one, so I'll hold out for the pullback to resistance.

Besides, there's no a rush right now. If the Yen continues to fall it could go all the way to long term support at 9050, so we've still got time.

Erich

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