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  • USD/JPY - Successful test of the rising trendline

    From migbank.com Story is in PDF Format

    • USD/JPY has successfully tested its rising trendline and has moved above the resistance at 79.76 (07/11/2012 low). The next resistance is at 80.03 (intraday high). Hourly supports are at 79.61 (09/11/2012 high) and 79.08 (09/11/2012 low). • USD/JPY is likely in a long-term bottoming process. The successful test of the key resistance at 80.62 (25/06/2012 high) calls for a short-term corrective phase. The maximum downside risk is likely limited by the support at 77.95 (11/10/2012 low). • EUR/USD is bouncing. An hourly resistance is at 1.2790. The technical configuration is negative as long as prices remain ... (full story)

JPY sell off will continue through Thursday 10:00PM EST time..so to short usd and eur against jpy wait until NY session close on Thursday then ALL IN!!
There is always a price for promises you don't keep!
This intervention. Just hidden. BOJ MS stooge.
true.
sell eurjpy at 102.46-102.76
sell usdjpy at ... now
Quoting moaf
true.
sell eurjpy at 102.46-102.76
sell usdjpy at ... now
It will be good.
Three infamous U.S. commercial bank is continuously manipulate the markets.
Quoting moaf
true.
sell eurjpy at 102.46-102.76
sell usdjpy at ... now
moaf,

I think BOJ might be behind the current jpy SELL off...just give them two days (start shorting from Thursday at 10:00 PM EST) and start shorting eur and usd against jpy.
There is always a price for promises you don't keep!
Quoting moaf
true.
sell eurjpy at 102.46-102.76
sell usdjpy at ... now
Agree!
Next destination should be back to 79.5 again
Quoting DragonFire
moaf,

I think BOJ might be behind the current jpy SELL off...just give them two days (start shorting from Thursday at 10:00 PM EST) and start shorting eur and usd against jpy.
agree. I treat it as always, yen will be safe haven for years, so try to catch tops to sell.
On EURJPY I think we can test 100.xx again and dive below in next week.
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  • Story Stats
  • Posted: Nov 14, 2012 9:06am
  • Submitted by:
     migbank
    Category: Technical Analysis
    Comments: 8  /  Views: 2,891