Charts I’m Watching: May 27, 2013

Holiday weekend + Tuesday + 1900 barrier broken = strong ramp.  NKD hit an imporrtant Fib level and the SMA100, but is probably aiming for the SMA200 and purple .618 combo at 14787/14796.  At some point, folks will start to realize the yen carry trade is nearing an end.

2014-05-27-NKD 60 0500

While, USDJPY features a nice Fib target of the combination red .618/blue .886 at 102.18 — just below the SMA50 at 102.22.

 

2014-05-27 USDJPY 60 0545

What does it mean for stocks?  continued for members…


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