DislikedCould somebody explain the breakout that happened today ?? I can't see any solid reasons for such big move!!Ignored
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USD/JPY Discussion 12 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
DislikedCould somebody explain the breakout that happened today ?? I can't see any solid reasons for such big move!!Ignored
DislikedHere's me attempting to hit the head of USDJPY.. well, hope I don't get hit first but considering my height, I should survive.. My exit would be a daily close above 110.082. Major entry that I will be more comfortable with will be a close below 109.381.. Target? that will depend on how much I am content with but overall target is at MTL. Stay Well {image}
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Disliked{quote} Come on, really now... It's quite big ... Just taking out retail shorts, It doesn't seem to be a good reason...Ignored
Disliked{quote} Japan is for long time in comatose economically and BOJ continues to support via printing money. Lastly, fundamental data was even negative. With COVID-19, Japan could be next in terms of pandemic with Hong-Kong and Singapore. Hence YEN is not seen as a heaven currency for this risk and money is flying to US Equities. By the way, Dollar is the only currency standing up; other others are crushing. Hope it helps.Ignored
Disliked{quote} While this is true, and sounds logical, I can't understand the timing and the scale of the move. Covid-19 is not yesterday news, and neither US has amune to it. Also BOJ is printing money a lot time now. No big fundemental news today as well... So why so short term and violent move... That's something I scratch my head all day...Ignored
Disliked{quote} Too many shorts were accumulated below 110...people kept shorting between 109-110 for weeks...it almost seemed too easy. Thats why I said that next time we break 110, it may spike further above 111, simply because the amount of dumb money in the short trades.Ignored
Disliked{quote} Ok sounds good, but how do you know the amount of shorts that where accumulated? Where do you get this information if I may ask ?Ignored
Disliked{quote} While this is true, and sounds logical, I can't understand the timing and the scale of the move. Covid-19 is not yesterday news, and neither US has amune to it. Also BOJ is printing money a lot time now. No big fundemental news today as well... So why so short term and violent move... That's something I scratch my head all day...Ignored
Disliked{quote} Ok sounds good, but how do you know the amount of shorts that where accumulated? Where do you get this information if I may ask ?Ignored
Disliked{quote} Myfxbook, oanda and pretty much every broker is posting sentiment numbers. Plus, you get an idea here, too, by just following people and what they trade. Then articles posted here and so called analysts(failed traders). All combined. And, when there is a very tight range for days...mostly its calm before the storm...and the move won't go in favor of most.Ignored