this thing hits the daily, weekly, and monthly support at 101 at the minimum before going up, and then if it gets that low you never know whether or not it will bounce up or plummet further
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Joined Feb 2008
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Status: I trade against the trend
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I am short on usdjpy and the euro cross. Well, resistance or corrective move can reach as high as 104. So its a wide stop trade. Giving it much room. Cause I seriously think usdjpy is already damaged to the downside.
102.95 maybe higher if the dow can rebound a bit but looks like we are going to stay in a range of 102.65 to 103.25 until Fri. realease of NFP. Just my opinion.
When supermodels know that the dollar is weak, we are due for a bounce - actually I would say a tight squeeze is more likely.
Ignored
hahaha that comment cracked me up.
I know, I've been waiting for the drop to turn and it just never ends but it's getting closer to a move up, maybe one or two days time it'll get there. Monday possibly?
it seems USDJPY wont wait it drops maybe cuz jpy hold its rates.
if nfp value good it might try test upper price 102.50 again.
if bad it might power up the bear to go down.
