Monday, January 21, 2013

USD/JPY at YR1

I am looking for a pull back to start any day now, as the yearly R1 pivot was kissed. Monthly resistance too. It may need to go sideways for a week and let the 20dma(yellow line) flatten out.

EUR/USD the monthly R1 pivot point was resistance last week. It may pull back to the monthly pivot at1.3127