11.02
Swadaya Capitals
usd-jpy is on the balance term, in my point of view it will not take a long time for the price can pass the violet square which i had drawn before since the spike that had been created, show that usd still have energy to pass the violet obstacle.
the support is still strong enough, when the price came to the support line ( black line) for the first time in 20 may 2012, it pulled back to the level 50% of fibonacci line. for the second time it is back to the support level. here consolidation period start and this day the long bar chart pass the obstacle.
i will buy this currency if the price have passed the obstacle level and it pull back for 3rd time.
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