its testing this support many time until now i am currently short since last week and waiting for 90 to break down
target will be below 88 and long term to 80
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DislikedAfter clearing what has been an obvious support level of 90, to which price could have a risk to longs at the 87 area with continued bearish momentum.........Why would anyone place a buy order?
I'm just asking because I would like to understand the bullish concept in light of technical and fundamental analysis that is pulling down the usd/jpy.Ignored
DislikedI am not offending anyone's comment but this is my opinion.
1, I still believe 1/20 for new U.S. president who people expect him to make better economics which fundamentals is possibly going up.
2, ECB rate decision may be lower affecting to eur/usd, eur/jpy
3, ADIA is always looking for usd raise because oil trade settlement by dollar.
4, BOJ suppose to help exporting company.
these make me to have long position.
but my risk must be covered 87.14 lowest in last year.Ignored
Disliked88.88 is the 76.4% retracement from the last 20 days of price action. With the strong move and a possible daily close below 90; Are you worried about the probability of your trade? If there is a close below 88.88 then it would be almost protocol to see 87 broken sooner than later.Ignored
DislikedThank you very much for your advise, well noted.
so, point is below 88.88 at NY closing time(?) would not be going up to 90 before 87 break.Ignored