Oct 042009
 

Whether you are thinking of selling USD/YEN or EUR/USD, I suggest that you keep an eye on EUR/YEN. There is some initial resistance just above 131.10, but assuming we break above that, then a nice place to sell would be 132.55. But we may even experience some problems near 132.10. From between 132.10 and 132.60 (possibly from 132.28!) we should look out for a wave of selling in this cross, probably led by USD/YEN. But first, let us see if we can overcome 131.10.

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