USDJPY----> 113.5 | Forex Factory

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113 pip on candle on FOMC... 17 replies

USDJPY 5 replies

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USDJPY above 115! 3 replies

USDJPY----> 113.5

  • #1
  • First Post: Jul 22, 2006 8:42am Jul 22, 2006 8:42am
Its trading in a sideways range channel of 400 pips.
Price is the only indicator.
  • #2
  • Jul 22, 2006 9:18am Jul 22, 2006 9:18am
IMM futures on yen, huge short position, ripe for hitting those positions with short covering rally. Net short position 69,049 contracts.
Price is the only indicator.
  • #3
  • Jul 22, 2006 11:47am Jul 22, 2006 11:47am
In August, the Yen is mostly bearish. Should we short early now or wait? I prefer swing trading.
  • #4
  • Jul 22, 2006 1:38pm Jul 22, 2006 1:38pm
Bank of China raised reserves requirements...equivalent to an economy getting a kick in the *&@!... which plays straight into this pairing...I wonder if treasury secretary Paulson has something to say?

later...
  • #5
  • Jul 23, 2006 7:30am Jul 23, 2006 7:30am
If your bearish on usd/jpy wait for 116.70 before shorting it, the chart looks like it wants to test that level and fail it to head down.
Price is the only indicator.
  • #6
  • Jul 23, 2006 2:29pm Jul 23, 2006 2:29pm
If you plan on playing the long end of the usdjpy, 116 even is good entry point.
Price is the only indicator.
  • #7
  • Last Post: Jul 23, 2006 9:08pm Jul 23, 2006 9:08pm
Awesome call Spectre! Got almost 50 PIPs - was long DLR/YEN at 116.20 got out at 70. Good eye my friend...
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