Spot USDJPY, Dax

Forecast for 18th February 2013 Spot USDJPY USDJPY traded down to our predicted low to the correction at 92.20/05 & an opportunity to exit shorts & buy longs stopping below 91.80. This worked perfectly with a low at 92.23 & we shot higher holding resistance at 93.90/94.05. This could hold again today & we may hover below this point for a day or two as we build a medium term topping pattern. However be aware that a break higher could target the 94.36/46 highs. We can try shorts

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Spot USDJPY, Dax

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