Intraday Market Thoughts
Archived IMT (2009.06.02)
by
Jun 2, 2009 13:27
The Head & Shoulder formation in USDJPY developing since January remains intact with todays failure to break above 96.65 further validates the trend line resistance extending from the May 7th high of 99.74. The trend line was tested without success on Monday, Friday and Thursday. This sets up the path for renewed downside towards 95.40, followed by 94.60, while resistance remains capped at 96.40.
Latest IMTs
-
3 Qstns for Today's Fed Meeting
by Ashraf Laidi | Dec 10, 2025 15:40
-
5 Stocks Worked for me Best in 2025
by Ashraf Laidi | Dec 5, 2025 14:42
-
Silver 150 Highly Plausible
by Ashraf Laidi | Dec 4, 2025 11:19
-
4264 Gold
by Ashraf Laidi | Dec 2, 2025 13:56
-
Bitcoin & 35 Pct
by Ashraf Laidi | Dec 1, 2025 11:10
