10 - 13 - 08 USD/JPY
USD/JPY upside moving collection started from 95.71 (3/17/08 low), as mid-term, has not completed yet.Price falling from 110.65 is going to end soon.
1) As price belows 97.40, this downside moving from 110.65 is likely to end within the region of 95 -- 97.Then the upside collection started from 3/17/08 low 95.71 will form a flat collection pattern;
2) As this downside moving from 110.65 ends above 97.20,the upside collection started from 3/17/08 low 95.71 will leads to a zigzag collection pattern (most likely) or any triangle collection pattern.
By the end of the upside collection started from 3/17/08 low 95.71,
in the case 1), is likely limited around 110, and long term loss could extend to well below 90;
in the case 2), is likely going to extend to 113.00 -- 114.50; or nearby 118, and long term loss is uncertain but could limit above 87.
Short term upside moving is likely limited about 101.30/50, then going to test last Friday low 97.89 again.
[ 本帖最后由 sharkeater 于 2008-10-14 01:15 编辑 ] thanks for your analysis;) ;) ;) ;) 感谢鲨版:han: 感谢鲨版 ;) :P :D ;) 谢谢老师:han:
Note
Information from minite -- hourly charts suggests: thatprice downside correction from 110.65 may have ended at last Friday low 97.89.Therefore, indication after mark data 108.01 at daily chart above could be wrong.