Devin Sage TXA Trading :X-Sequentials Usd/Jpy Forecast for 3/15/10

By IBTimes Staff Reporter | March 14 2010 11:02 AM

In the last Usd/Jpy forecast it was stated that the X-Sequentials WX down move segment has been completed at 88.10 and a up move ´till the X-Sequentials X7 inverse targetzone from 96.65 to 99.44 is to due .

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The Usd/Jpy peaked last week at 91.09 .

Fridays close at : 90.48 ( 3/12/2010)

Chart 1 :Usd/Jpy 60 Minute X-Sequentials Chart

Forecast:

With the peak at 91.09 the Usd/Jpy has formed a X-Sequentials X5 reversal pattern.

The down moves target zone is located at 89.29 - 89.13 .

Chart 2:Usd/Jpy 60 Minute X-Sequentials Chart -internal X-Sequentials X5 pattern

Short the Usd/Jpy with a stop at 91.09 ´till 89.29-89.13.

Afterward take a long position within that down move targetzone and set your stop at 89.00.

The Usd/Jpy should then break above the peak at 92.15 .

yours sincerely ,

Devin Sage ,TXA Trading

www.Technische-X-Analyse.de

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