Price bounced back up from the 50MA on the daily. That's going to be beautiful support once the candle is closed. It's likely going to continue the uptrend.
long eur/jpy, gbp/jpy, usd/jpy 11 replies
.SI4 for GBP/JPY & EUR/JPY 403 replies
eur/usd, eur/jpy, usd/jpy average 0 replies
Does the gbp/jpy eur/jpy follow the DOW? 8 replies
Disliked{quote} I think if you are not already long from 128.80 (Double pin bars) you need to wait for a pullback... but it could continue higher in my view. {image}Ignored
Disliked{quote} Anything is possible, but we've had 4 months of straight gains for EUR/JPY and if USD/JPY take a tumble below 109 it could drag down E/J with it. I think the weekly chart looks a bit tired in this uptrend, so I am only looking to 130.50 initially.Ignored
DislikedShort 130. Stop 131.5 area, target 125.5 area. UJ looks like toast and even a little pullback in EU before it busts through 1.20 should get us there.Ignored
Disliked{quote} Yeah, everything looks pretty jpy-bearish right now. Stock markets made a jump up to close the gaps and if USD/JPY close as a pin today, we could see further JPY decline tomorrow in a "risk-on" atmosphere. I am out of my Gold long position for the same reason.Ignored
Disliked{quote} It looks interesting at least. If the daily charts close like this, I will buy USD tomorrow. If this bounce in U/J is true, we could see a rapid ascend. I like the 50% fib support, I like the 109 handle and I like the 5x tests and lower weekly price range. I have been biased too many times in the past. So I just trade what I see, despite what my bias was yesterday. And the markets are saying the USD is good today.Ignored
Disliked{quote} You should be in a pretty good spot this morning with this plan, 110.80 area appears likely.Ignored
Disliked{quote} Yes, it has been profitable so far. I have taken 50% of the profit off now in 110.20 and moved SL to entry.Ignored
Disliked{quote} Last comment about U/J in this E/J thread. I have closed remaining long in 110.50.Ignored