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rdulep
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(POSTS NOW AT TWITTER). President of TIRA Group focusing on venture capital in Finance, Marketing and Technology. Independent Trader at FXA USA. Graduate of De La Salle University with a Bachelor of Science degree in Commerce, Major in Business Management. High School graduate of Don Bosco... More
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FXA USA Market Analyses
  • Dollar-Yen On The Way To Mt. Fuji? 0 comments
    Jan 7, 2014 3:49 AM

    Another scalar top on the 100-pip scale is formed on the Dollar-Yen (USD/JPY) spot, making it the 3rd event since mid-September of last year. 105 yen to the dollar is now its most recent scalar top which begs to be broken as this would trigger a short-term sell signal with very high probabilities of it going back to the same level for retest. Traders who would like a 50-50 risk might want to target 103 on the short-term as this is the 2nd scalar level on the same scale. SEE CHART HERE.

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