Friday, May 13, 2011
Hourly Forex Trading Strategy #JPY - Critical Short Term Juncture
We suspect the Dollar is now at a critical short term juncture with the erratic rally to thus far fail the 81.60 pivot point. A rally through this level is needed to stabilize in the 79.55 to 82.75 range but with the potential to accelerate higher to clear the 85.50 peak. Below 80.10 at this point would diffuse the bullish outlook in favor of another test of the 79.55 and probably even new lows
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