Jan 27 , 2010
Well we finally saw the big move back up in the USD/YEN that I was expecting and a full hammer on the daily chart signaling a short term reversal of the down trend. InElliot Wave analysis it would appear that the second wave down has completed and we can expect a powerful move back up to the 95.00 to 100.00 area before the retrace happens. AS this is my key focus trade this week I am in the position from 89.10 and have rebought at 89.90 with 0.5% margin per position. The pair has been good to me this week so far with a over all return of 110 confirmed pips so far or a 1% ROI.The pair is expected to move past the 90.62 area and beyond.
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