Market will be closing in a about 2 hours and thirty minutes but we're looking at a quadruple top / triple bottom on the hourly chart for USD/JPY. It broke its support of 107.19 this morning around 7:00 AM and will look to test its new support of 106.05 . I would go short and look to take a 40-50 pip profit now with a stop at its old support of 107.19. Friday, February 22, 2008
USD / JPY ---> SHORT
Market will be closing in a about 2 hours and thirty minutes but we're looking at a quadruple top / triple bottom on the hourly chart for USD/JPY. It broke its support of 107.19 this morning around 7:00 AM and will look to test its new support of 106.05 . I would go short and look to take a 40-50 pip profit now with a stop at its old support of 107.19. 
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