Japanese Yen Threatening Extreme

By Jsaettele, 14: 33: 00 Fri Oct 29 GMT 2010 Daily bars

Prepared by Maybe Jamie Saettele proximity historically low USDJPY is simply too much to resist pair. I wrote yesterday, "Rally with low under the waves 5 that strongly favors additional growth of inflation. Deep second Correction waves may be approaching completion on important level (was support and resistance in the past few weeks). There is also a specter inverse head and shoulders reversal pattern (right arm forming now). "Fall below the 8080 negates the previously bullish evidence and decreases with the 8200 pulse now. \ 8110 is resistance.

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14: 33: 00 Pt Oct. 29 GMT 2010

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