April 10, 2015 - MDT - Dollar Comments...Asian Trade

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There is currently a weekly ORH in the Dollar Index working.

Matching ORL's In the Euro,GBPUSD,EUR/JPY,EUR/AUD,EUR/CHF and GBP/JPY.

Out of the entire group GBP/JPY is my least favorite for follow through given it's proximity to cloud support.

USD/JPY...remains the whipping boy on the crosses.

Currently the qtrly cloud shows the dollar uptrend is still intact.

I'm taking the semi-annual signal (selling Yen below 82.30 close in the Futures or over 121.25 USD/JPY).

Patience will be required as EUR/JPY could hit 122 before the Yen moves again.

The Yen could sit until June when you typically see a summer currency move before Europe hits the beach.

I'll take the signal when it comes.

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