USD/JPY under attack…..!

USD/JPY under attack…..!

From forexlive.com

Well the market’s having a pop at the bids ahead of the 79.50 barrier with a low just now of 79.61 logged on the EBS matching system. Just been told there’s a sizeable bid for $400 at 79.60 at the moment. Could well be semi-official/official in flavour, but it has to be said that’s not a particularly sizeable bid in USD/JPY terms these days…. There are sell stops apparently on a break of 79.50 and 79.40, with some traders now targeting the 78.50 level

Comments / Top
Subscribe

May 9, 2012 4:25am

UJ is heading to 79.60 support if it breaks no major support till 78.20. If it breaks I guess all majors will follow it and go lower. It is better to sell against USD but sell JPY crosses mainly AUDJ and NZDJ. Today's mover will be UJ.

fxkiller

May 9, 2012 6:23am

Permalink

I am also long on this pair, but it will really not wonder me if this would take now my stop.78,00 is quit possible.. let see

explorer101

May 9, 2012 4:29am

Permalink

Quoting erdogac

Disliked

UJ is heading to 79.60 support if it breaks no major support till 78.20. If it breaks I guess all majors will follow it and go lower. It is better to sell against USD but sell JPY crosses mainly AUDJ and NZDJ. Today's mover will be UJ.

Ignored

and I am much excitedto buy at 76...and there BOja[an will interevene.
last december2011 i made 15k USD profit for lazy JPY

spearfx

May 9, 2012 4:34am

Permalink

Buy UJ around 79.60 levels.

torkay77

May 9, 2012 6:09am

Permalink

i will add to my longs at 79.2

Nerazzurri

May 9, 2012 4:27am

Permalink

Who's see it >>> come on baby baby ======> 78.28

turanius

May 9, 2012 4:18am — Edited

Permalink

Not only UJ but all other JPY pairs as well...poor analysis!

It is not that the USD is under attack but the JPY is getting stronger and building bullish momentum.

doctortyby

May 9, 2012 4:21am

Permalink

>> Usd/Jpy - 4 Hours Chart (09.05.2012) - Bullish Probability Key Levels: - 80,00 - 80.12 area - Important confluence between the Weekly Main Pivot, the (...) (2nd Level Key Levels), - 80.30 - 80.40 area - confluence between the Weekly R1 Pivot and (...) (2nd Level Key Level), - 80.99 - 81.00 area - Important confluence between the Monthly Main Pivot, the(...)(2nd Level Key Level), - 81.38 - Weekly R3 Pivot, - 82.25 -(...),(1st Level Key Level

>> Usd/Jpy - 4 Hours Chart (09.05.2012) - Bearish Probabilty Key Levels: - 79.70 - Supports from the 1st and 6th of May, (1st Level Key Level)- 79.43 - Weekly S1 Pivot, - 79.15 - 79.05 area - confluence between the Weekly S2 Pivot, and the 61.8% Fibonacci Retracement from the Daily Chart, (1st Level Key Level)- 78.68 - 78.46 area - confluence between the Weekly S3 Pivot and the Monthly S1 Pivot, (1st Level Key Level)

(...)