Intraday Market Thoughts
Archived IMT (2009.06.02)
by
Jun 2, 2009 13:27
The Head & Shoulder formation in USDJPY developing since January remains intact with todays failure to break above 96.65 further validates the trend line resistance extending from the May 7th high of 99.74. The trend line was tested without success on Monday, Friday and Thursday. This sets up the path for renewed downside towards 95.40, followed by 94.60, while resistance remains capped at 96.40.
Latest IMTs
-
Missing the Silver Target
by Ashraf Laidi | Apr 23, 2026 9:46
-
Hedging your Margined Account
by Ashraf Laidi | Apr 21, 2026 15:35
-
From Fibonacci Land
by Ashraf Laidi | Apr 20, 2026 18:40
-
3 Numbers of Oil & JPY
by Ashraf Laidi | Apr 17, 2026 13:37
-
Market Got the Message
by Ashraf Laidi | Apr 15, 2026 9:46
