USD/JPY Support | Forex Factory

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USD/JPY Support

  • #1
  • First Post: Nov 12, 2007 9:59pm Nov 12, 2007 9:59pm
Just curious what others think about this. It looks like usd/jpy has found a major support at 110.00. Anyone thinking about buying?
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  • #2
  • Edited 11:12pm Nov 12, 2007 11:01pm | Edited 11:12pm
+25 pips so far. I think this is a good time to get in. It has a good support line and the spinning top at the end of the downtrend (one the 4 hour chart) indicating that the trend might be ready for a turn around.
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  • #3
  • Nov 12, 2007 11:38pm Nov 12, 2007 11:38pm
I still have an open short on this damn thing from earlier.

The 20/50 ema on the 1 hr is still down, so I don't know.
  • #4
  • Last Post: Nov 13, 2007 4:06pm Nov 13, 2007 4:06pm
It the 4 hour chart is showed a turn around. and it usdjpy has continued to go up. I'm +83 pips right now Now i'm not for sure if its going to hit resistance at 21 ema and come back down or continue up...??
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