Just when Japan looked good

I don’t advocate watching news, but I always pay attention to country event,s especially around central banks. Japan’s markets are open now on our Sunday, and our Monday looks like it’s going to be a heartache. Just when the charts showed a solid bounce off moving average and trendline support. Bad GDP news means Monday looks like it will break all the rules.

http://www.reuters.com/article/2014/11/17/us-markets-forex-idUSKCN0J102320141117

A look at the chart as of Friday, Monday probably won’t look pretty. Possible play to the downside next week. A strong close below the Nov low of 7th low of $42.10 will turn me bearish. Daily trading range is $1.25. I wouldn’t be surprised if it gaps open at $44.

jpnl japan market fall

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