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Web thoughts-denzuko1.blogspot.com

My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

3/24/2015

A little (too little) to late for Japanese Yeninvestment

I have been watching the development of Japanese Yen, that is until I have changed my work when I started spending time on my new career path. Well, its a bad choice when come to Japanese Yen. 
 
Fig 1 JPY SGD weekly chart

JPY broke through its double top neck lie by 2013 and has been descending since. If I have bee watching, I would have been into JPY since then, a pity.

I actually do not know much as to where it intends to go next. I have achieved its minimum objective, but the oving averages are keeping their distances. There might probably be a little more down side to this.

1 Comments:

Blogger denzuko1 said...

Sub-note upon review:
JPY weakening against SGD continues. Resistance @ the moment 1.22, support 1.03.

11:44 PM  

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