Archived IMT (2009.05.08)

NZDJPY has topped out after failed attempt to take on the 59.50 double top following 8 consecutive daily declines, now looking to start paring those gains. Initial target seen at 58.00 with subsequent losses expected to into Monday Asian session at 57.40. This is a similar looking chart to the AUDNZD HOT-CHART, but used as a hedge (buying NZD in HotChart and selling it on this trade vs JPY) For more frequent trades go to http://twitter.com/alaidi