JPY at end of trend?

[[Proximo]]

Looks like they had enough. Yen rocketing up.

 

[provance]

that's just insane to trade such epic movements, don't be too greedy

 

[provance]

Japan will avoid a fiscal meltdown http://business.financialpost.com/2011/03/17/why-japan-will-avert-a-fiscal-meltdown/ - that really makes sense.

 

[blnbr]

Looks like the big bank hunted massive amount of sell stops and pushed the price to a new all-time low before they "intervene"

Will the intervention work this time? Let's wait and see.

 

[JSSPMK]

For the record I got out with a loss of 450 pips on this one. Whether I participate in a long again I couldn't tell right now. That was the longest held trade & the most boring I have ever held. Thank Christ for pairs like EurAud, felt alive after that one.

 

[JSSPMK]

Quick update. Still looking good for upside, especially now that stops have been triggered. Possible huge hammer on Monthly will coincide with other indications of a turn. I am flat the pair (for now).