Wednesday, April 22, 2009

Tomorrow important day for Yen (FXY)

FXY is currently content to creep along a support line extending from $99 to today's close. It is now sitting right below overhead resistance. I have been long since $100 with a stop at $100.50. If it breaks through support and responds to overhead resistance I will kill the trade and see where we go. Longer term support is around $96.

Bigger version here & here.


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