Tuesday, April 03, 2007

USD/JPY - 4 HRS CHART
FINALLY THE BREAKOUT IS HERE...



USD/JPY pair got the breakout from 118.47 and also from the Ascending Triangle which is started at 115.16 on March earlier. From here on i put my target at 121.62. 4 hrs RSI is just inching closer to the ovebought region and here i expecting the divergence somewhere in the region of overbought, which tends to correct higher. But lets see wheather this breakout is just a fake/false breakout or the real one to stay.