Tightening SHORT TP stop for the following reasons:
1) It seems to be dogging between the MAs. 2) The CCI/RSI tandem signal LONG is weak, but it's there. 3) Have a double bottom. The ST bearish Gartley (contain within yesterday PST timeframe) failed to bust the LT MAs and rising trend line. 4) Still holding SHORT because Danske, with their public disclosure last night, is aiming for a buy in at 171.4 (or maybe they got it already?) with SL after buy at 170.7.
Waiting for JPY's CPI to come out at around 1600PST. There's talk both ways on this, so wait and see. Not wanting to see a MACD zero cross nor an RSI come above a generally placed bearish trend line.
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Ciba
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Here's the other kicker on going LONG that I should be paying attention to: CNY's 'official' rate. Talk about monkey business. China's central bank (of which I do not know the abbr.) officially (rather than through market forces) weakened the yuan 3.3% since the start of this year. Means trouble for the strength of other Asian currencies...