Disliked$79.044 ! If I'm wrong please correct me, maybe I didn't looked at your charts with more attention !Ignored
But you are right there is a lot in the way for bears to break through
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Disliked$79.044 ! If I'm wrong please correct me, maybe I didn't looked at your charts with more attention !Ignored
Disliked$79.044 ! If I'm wrong please correct me, maybe I didn't looked at your charts with more attention !Ignored
DislikedCould be room for a bigger pullback here is what im looking for
I havent thought about stops yet maybe 79.50 areaIgnored
Disliked81.00/81.50 is area I like for longs SL will be near 79.50. I agree if this pair breaks to the downside there's going to be a ton of support levels it has to get thru. The path of least resistance seems like the upside to me.Ignored
Disliked- brinks, you posted a chart. I can't believe what I'm seeing.
- From now on, today will be a national holiday.
- Cheers.Ignored
DislikedDo itcause I like USDJPY more and more...
http://www.zerohedge.com/news/2012-1...record-%C2%A51
Did you saw this? +1 point for fundamentalIgnored
DislikedNot necessarilly so, it may be that the BoJ has lost control over what is happening to JPY and if this is the case then trading all JPY pairs would be just as good as playing Russian roulette
Not that forex differs that much from Russian roulette anywayIgnored
DislikedBuddy, if what you are saying is true and BOJ lost control over the YEN, on fundamental that could only mean 1 thing for me BUY USDJPY, if a central bank can't control it's own currency that means instability for the currency and all the investors will run away from it, but maybe i'm wrong.
On other point of view last night the YoY Retails Sales in Japan slumped to -1.2%, they need a much weaker YEN so they can overpass this deflation period and also to encourage foreign investors to buy more from Japan.Ignored
DislikedI do not know whether it is true, or not. It is just a thought, based on that I'm not sure if what we've got here now is a correction, or reversal. BoJ is not as effective with their QE as, say, their Swiss couterpart. If they failed again then it would mean than JPY is nothing else but a big, fat sharks' game, in which case the best thing would be to wait and see. And yes, I am aware, like everyone else here, that Japanese economy needs weak JPY more than anything.Ignored
DislikedYou know why they don't do it faster? Because those Samurai's are waiting for the electionsyou'll see, mark my words after Abe wins the election I'm about 70% sure that USDJPY will be over $84 or very close, time will tell !
What a good image boom will be for Abe if after the elections he will push BOJ so hard and they will do something big in the market and the yen weakens dramatically, he will be like a Knight in shining armor !Ignored
DislikedPull the other one. EVEN if the opposition leader wins, it will take weeks or even months to put together a viable government. And if the current government wins, the same thing will happen. Sometime in 2013. If you really think that 20 years of deflation and poor governance can be changed in one day, with one election, in a huge global economy, maybe you'ld like to accept a phone call from some of my "friends" in Nigeria who have a great deal for you.Ignored
DislikedBuddy, if Abe doesn't win , I will not be 70% that USDJPY I will be 101% because POLITICAL UNCERTAINTY = weak local currency, so either way my bankroll will increase !Ignored
DislikedBuddy, if Abe doesn't win , I will not be 70% that USDJPY I will be 101% because POLITICAL UNCERTAINTY = weak local currency, so either way my bankroll will increase !Ignored
DislikedOMG!!!!!!!!!!!
Just like shitloads of others before me, I'm outa here. The idiots really are in control. When USDJPY hits 73, maybe you've got a good case.
ByeIgnored