Marktet letter

JAP. YEN/USD Cash Currency

Week 29 / 2010

Comments
We went short USD/ long Yen at 89.28 when the outside line of the PHI-ellipse was broken on the downside on a daily close. We reverse the position to long again, when either the outside line of the PHI-ellipse is broken on the upside or when the stop loss point of 90.50 is broken on a daily close.

Position
short USD/ long Yen at.89.28 on June 28. 2010

Stop
stop at 90.50 on a daily close