USD/JPY Daily Update, October 29, 2010
Gud'ay Ladies and Gentlemen,
We've talked much about GBP, EUR, AUD in recent days, so, I've decided to take a look at JPY...
Well, my long term expectations are still intact. Market is forming perfect AB-CD "Buy" pattern on weekly/monthly time frame with target around 78.50. And I think in should be reached.
Meantime o daily time frame DRPO "Buy" is possible, with the minimum target around 82.00. We should treat this possible move due DRPO as a retracement, because our long term target has not beeb achieved yet.
DRPO has not confirmed yet, there is no second close above the 3x3. I just attract your attention to it...