Tuesday, November 9, 2010


kumofx has posted an early update today, on this blog and our traders' forum.

We are not alone hoping the world economy to return to normal after injection of high dose of 'tongkat ali' :)


Little formation in USD/JPY and hoping the bottom of 80.30 hold strong and market reversal in coming week.


refer to my Sunday posting on USD/JPY:

Travel in consolidation, no direction in this currency pair, if you employ EMA4 and EMA20 trading method, you need to be patient, we are going to trade if USD/JPY breaks above 81.60 or 82.00.

Failing to break above these 2 levels, this pair is going to fall to 79.80 region --- Lowest level since April 1995.

Ayumi Waiting patiently.

Related: 3 Major FX Update for Mon 9-Nov-2010

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