Wednesday, June 8, 2011

USD-JPY broken 80.00

Today the Ninja system interven and cut a small loss due to USD-JPY has broken the 80 psychological level. Although strong support may hold at 79.50 but to just take precaution in case this level is broken we could see a free fall down to 76 level which may wipe out all your accounts. We may stay out and observe how it develope for next one or two days before re-entering the market again.

"First cut loss is always the least painful."