Monday, June 10, 2013

Quick Update- Intraday Bounce

From what I see in the USD/JPY 1 min chart, it looks like it is setting up fro an intraday (1 min timeframe) bounce, this isn't very significant, but it is strange to find it here.

There are several averages like the Q's and IWM that agree on the 1 min intraday bounce soon, like now. However there are more signals and signs of the move down we are expecting so I'd say be on the lookout for that move, in the next update I'll show you why it shouldn't matter, but also why it's a strange place for it.


Also a strange time, right before the BOJ meeting.

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