Since I said up that I knew that the US/JAP was going down, and I know some trades just need someone to tell them anything and they will do it especially those who don’t have experience and I was afraid that anyone will go short therefore I will explain a little about this pair next move, and clarify some points:
- I predicated for the USJAP to go down on the 27/2 , the main monthly trend was too strong to be broken.
- Since the 27/2 the US/JAP has been going down but now, if we draw the trend lines we see there is not only one support line but more than one so if the down trend continues it is expected to either stop for a while on these lines or change its direction and go up again.
- Very important we are heading towards the to the head of the triangle (maybe in a month time )as most of you guys know that will result in a VERY big break.
- Now it’s NOT a good time to go down or up, since we have reached one of the support lines so we are looking for a reversal, OR continuation of the downtrend.

Bottom line draw the trend lines and keeps them on your chart

if you still want to know more about US/JAP and what I think read my post here
Just an idea, How to make money without trading ?

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