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Yen to Dollar – 11th February 2009

Following my analysis yesterday of the ‘dark cloud over’ candle, indicating the beginning of a bearish move, this was indeed confirmed yesterday with a wide spread down bar candle, so it seems that the breakout of last week was a false move in the dollar...

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Dollar Yen ( USD/JPY) – 5th February 2009

Following on from yesterday, the sideways movement continues unabated! ( exactly the same situation as on the usd cad, another currency pair I follow closely). As we saw yesterday the pennant is now forming with lower highs and higher lows, consolidating around the $90 region,...

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