11 July 2008

Reported at 0730hrs SGT
Looking at all the JPY.
USD/JPY, GBP/JPY, EUR/JPY and AUD/JPY

They seemed to have met some form of resistance. Therefore be prepared for a breakout. My suggestion is to watch them all in concurrent and any first sign of breakout in any of the above pair first, follow the rest in the same direction. A breakout is defined as a big fat candle occurance in a period of time, say 1 hour.

For GY, the breakout is at 214 and 209.5 You may want to catch some during the intermediate.

For GU, it may attempt 2.000 again. Support at 1.9650 and resistance at 1.9850