A new contest! Last month I did poorly, because there were very rapid movements due to breaks in trendlines and Greek news, which is hard to deal with when the contest structure encourages highly leveraged and unhedged trading strategies.

So what's my forcast now?

Consider the EUR/JPY bouncing between the blue and green lines. Three times it bounced rapidly up after hitting the green line, but on the fourth it was sluggish.
Bearish, I would say. Of course its unwise to base trading on one analysis, but I have several other reasons and indicators to believe that the price will drop. The purple and violet lines are possible lines of resistance, but ... I wouldn't be all that confidant that they will hold. A good place to take some profits, maybe, but perhaps not good places to go long.

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