DislikedUSDJPY is of some interest right now, Chris, as I think the sell-off is way overdone from a fundamental perspective.
PaulIgnored
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DislikedUSDJPY is of some interest right now, Chris, as I think the sell-off is way overdone from a fundamental perspective.
PaulIgnored
DislikedUSDJPY is of some interest right now, Chris, as I think the sell-off is way overdone from a fundamental perspective. But sentiment rules right now and there is a determination to at least test both January's low of 87.00 and the resolve of the new government's "strong currency" policy.
As I've said before, a stronger currency from these levels will exert much pain on Japan's economy and mire the country even deeper in deflation, which is a nightmare scenario for a country with public sector debt running at 200% of GDP.
Also supportive of a...Ignored
Dislikedcould be a false breakout....may be a signal for further downside...Ignored
DislikedI don't use the fibonacci fans myself but see the value of them as a potential supp/res tool/factor ....Ignored
Dislikedi see the 1.5914 level and u're right saying that, but i don't see it like a major resistance
but 1.5890 is the level where could go up, i see it like a strong resist to a retrace..Ignored
Disliked
For now, I am sitting and waiting to see what unfolds on the charts, as going counter-trend is not something I particularly enjoy.
PaulIgnored
DislikedHi! Couldn't price move into this channel, i'm kind of thinking about going down, stochastics are bearish, only dow has climbed a bit! I'm holding short, but entered too fast and have 5873!
take a look at chart and i would be glad to hear commentsIgnored
Disliked
took it on the weekly when it opened and stop smack at the 50:
http://www.forexfactory.com/showpost...postcount=3114
No chance in hell I'm selling from that low.Ignored
Dislikedlol.. no sure my friend.. we still may go to 1.61 to retest the previous breakout.. (im actualy looking to reshort from there)
Futures are very bulish..too.. guess we have to wait for NYSE.
PIgnored
Dislikedi know what u mean..however we are back to the area we broke out of to go down..only time will tell
its good to see u in here..Ignored
DislikedThank you. I am grateful....
The current battlezone sits between 1.5873 (weekly 50% line) and 1.5915 ( low of last week). Could really go anywhere.
Hope it works out for you.
RegardsIgnored
DislikedI guess broker times and how you draw channels makes a real difference. On my daily, it's out of the channel and unless it closes back inside it, I'm thinking short........Hmmmm...lolIgnored