Wednesday, January 27, 2010

Jan 28 - USD/JPY New Signal Day

Continuing the post from yesterday: It's 12 AM Jan 28 in the morning at where I am. My candle for Jan 27 has just closed a few minutes ago and the Jan 27 candle made a new low today, so it's a new signal day.  Below is the updated chart:



The new signal day has a low of 89.217 and a high of 89.714. Assuming if there's no new low made, then a daily candle close above 89.714 in coming days is a signal that ITD 1 / MTD 8 low has arrived.
 

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