I think that usdjpy needed to correction in the next week before we should think of longer trends.
Oil too, it needs to consolidate after losing from 74 to 59. ok.
Oil too, it needs to consolidate after losing from 74 to 59. ok.
USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedGuys, that Cheap could be now, here. It all really depends on how the earning reports get received this week. Add to it the economic reports like housing and employment.
I have a feeling that these numbers are going to show improvement, and the earnings would not disappoint this month either. If I were to take a bet I would say this pair goes up. This quarter was not all that bad-better than Q1. The Pair dropped so that the big guys could have made a killing buy it back now. If that was not the case we would have not seen the kind of resistance...Ignored
DislikedYou guys are all talking fundamentals analysis which is so good but doesn't help those who play this pair tick by tick..Ignored
DislikedYou guys are all talking fundamentals analysis which is so good but doesn't help those who play this pair tick by tick..
technically talking, there's a double bottom on the hourly with a very nice pinbar!! price got to play this and go up.. till then.. we will see what will happen next
good pippinIgnored
DislikedYou guys are all talking fundamentals analysis which is so good but doesn't help those who play this pair tick by tick..
technically talking, there's a double bottom on the hourly with a very nice pinbar!! price got to play this and go up.. till then.. we will see what will happen next
good pippinIgnored
DislikedThere is obviously some one who does not think Dollar should get stronger.Ignored
DislikedAnd i guess this someone is the very Fed itself. I totally relate to Xaron, da evil German Kraut, that extending your trade duration increases your success rate in geometrical progression. And looking 2 months into the future, guys, i see a limited downward potential and an unlimited upward potential for usd/jpy. Current sentiment comes and goes. Reminds me of last summer when eur/usd was pushing up 1.60 and was hitting some invisible glass ceiling foreshadowing the things to come.
I like how LFB describes the five waves moves, esp. the first one:...Ignored
Disliked... EURO has to be about 34-35 against the dollar.quote]
In my long-term fair value search i do sometimes resort to PPP (purchasing power parity) btw countries and yep, i also see eur/usd at similar levels. Weak dollar = world economic growth is assumed, no other way for now. However, i just thought that BoJ doesn't really have to intervene at all. FED can do it all for them. It only takes them to push up eurusd or gbpusd, aka devalue usd in any way they deem fit to immediately cause a major sell-off in yen. If (or rather when)...Ignored
DislikedI tried this but lost money year after year. The day I stopped "trading" that intraday noise I became better and better.Ignored
DislikedIn my humble opinion, I dont see price going higher than 92.95. Maybe it will go up to 92.75 before heading back down, but I dont see it going to 95-96 UNLESS there is some sort of intervention. But based on my technical analysis, I dont see it going much higher. But I could be wrong, remember Im just a noob.Ignored