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USDjpy channel in progress


hello traders
it's channel... it's easy!!!
sell for target 102.00
bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye vvbye bye bye vvvbye bye bye bye bye bye vbye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye vvvbye bye bye bye bye bye bye bye bye vvvbye bye bye bye bye bye bye bye bye bye bye bye bye bye bye b…
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DjKarman avatar

near to target... see you later :D

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XAU/USD COMPRESSION IN DOWNTREND EXPECTED

Small premise: in this study all prices are to be considered as U.S. DOLLARS per OUNCE, so for example 1500 means 1500 USDollars x 1 Ounce of Gold. In this first weekly chart below we see the actual situation In recent weeks gold price experienced an important weakness breaking below 1500 area causing a fast move downward to reach straight lower 1300 area where price consolidated support during the 3rd quarter in 2010 and January 2011. A further step is shown in the following chart (weekly
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doctortyby 17 Maio

1330 may be hit sooner than expected

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scramble 17 Maio

hey :) yes i expect it to be visited by beginning of next week! then main demand is appearing near 1290 ;)

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scramble 22 Maio

update: 1330 visited and confirmed as support to reach 1415 (100% extension) where found important resistance as expected. There is still a lot of time to go for the end of June but at this point it's highly probable to see a new attempt in lower support still untested 1270-1290 which as per my study is lower possible range.

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scramble 22 Maio

here's the updated daily chart:
http://i.imgur.com/R0weUXm.png

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Actually 1260-70 levels did not hold as i expected and was a kind of continuation in downtrend till 1190. However, 1415 resistance and 1300 as short term support were confirmed.

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