USD/JPY breaks above 102.50, paves way to 103.70 target | Forex Factory

  • USD/JPY breaks above 102.50, paves way to 103.70 target

    From fxstreet.com

    - USD/JPY has broken above the stiff 102.25/35 resistance, causing a spike in prices towards 102.55/60 as the Japanese Nikkei 225 index erases early losses and jumps into marginal positive territory at present. USD/JPY technical view Earlier on, Valeria Bednarik, Chief Analyst at FXstreet.com, said that "steady gains above 102.50 should point for a retest of the year high of 103.70." On the downside, expect pullbacks to be well supported by 102.25/35 old resistance.

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Deano9999
Nov 28, 2013 9:57pm
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Quoting illupo91
it will need couple of months, if you have an open position on this, you better close it.
Agree. There are now 3 strong support levels between here and 99. The 50ema on the daily chart is now 99.50 and will be over 100 next week, so any pullback is unlikely to fall below there without a major risk off scenario.
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ihechiudeh
Jan 4, 2014 2:07am
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as far as I am concerned, what happened was just a retracement and not a trend change. next week will see USDJPY shooting higher especially with the hammer head candle stick in daily chart which is a sign of a reversal
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gurangax
Nov 28, 2013 11:32pm
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105 soon
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k3nshinz3139
Nov 28, 2013 8:36pm
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Can pull back to 101.8 is good for continue long..

99 ? This will happen if Fed QE5 or Japan is not agree Abenomics..
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frx_trader
Nov 28, 2013 8:38pm — Edited
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I still hold a trade for more than 1 year when EJ was in 100.
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frx_trader
Nov 28, 2013 8:43pm — Edited
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[deleted]
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illupo91
Nov 28, 2013 8:37pm
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Quoting GhulamSabir
any one ...... pls any idea for yen to pull back to 99.00 .....how much time it will take to pull back ??
it will need couple of months, if you have an open position on this, you better close it.
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GhulamSabir
Nov 28, 2013 8:28pm
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This is b...s....... why no one is pushing japen for this currency dumping ....
any one ...... pls any idea for yen to pull back to 99.00 .....how much time it will take to pull back ??
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GhulamSabir
Nov 28, 2013 8:30pm
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any one ...... pls any idea for yen to pull back to 99.00 .....how much time it will take to pull back ??
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Trader#48FE
Nov 29, 2013 2:36am
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Impossible to get any lower for now. Japan's easing and USD's Taper will make it fly even higher later.
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