nice V shape - long scalp from here
UJ M5
UJ M5
USD/JPY Discussion 6 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
DislikedWho knows what it wants to do but 101.41 has held strong, if it breaks then look out below to 100.25. Thats IF 101.54 is broken. So 101.54 is a line of defense. If it is broken some may jump on the short wagon but i would wait to see how price reacts at 101.41 first.Ignored
Dislikedso good US numbers are out. now its make or break UJ. Doesnt look like much bull steam left. But I could be wrongIgnored
Disliked{quote} The proof will be 102.16 if price can retake that then it can move back up. 102.16 will either cap this and drive it down or catapult it up. As I have mentioned if long then targets right now are 102.16 then 102.97 then 103.24.Ignored
DislikedAs I have noted my bias is a sharp move south possibly as low as 100.85 which is a previous monthly value area high.......and don't laugh........................but 98.59 is a monthly virgin point of control that seems to be calling this pairs name and April 1st could be the catalyst to move it down. If that's the case, a stall at 99.59 my come fist. So next week retail buyers may hop on board for the slaughter not knowing that 103.27 is a weekly virgin point of control. If price doesn't immediately fall off it may rise to that point and then boom...Ignored
Disliked{quote} there has been a series of good US numbers but all to often with UJ does this thing go down first and then shoot right up. Will just have to wait and see. Could even happen tonight if no other big news coming out on Friday.Ignored
DislikedI believe we going up to 103.s all USD news were good! not way to go down..good luck!Ignored
Disliked{quote} So far good call. I dont understand why it does this though. I see it coming but I dont know the why's of it. I think that is the last piece for me.Ignored
Disliked{quote} Yen rallies over USD because of FED Yellen FOMC Minutes yesterday. Yellen's statement weeks back showed a Hawkish FED. Yesterday's FOMC Minutes showed what the FED really is, a very Dovish FED. Traders aren't confident in the FED over BOJ at the moment. Always remember, what the FED does and says supersedes any run-of-the-mill-weekly economic report. Which is the reason I've said in the past, weekly economic reports aren't important in moving the markets. Central Bank Monetary Policy trumps all when it comes to moving markets and developing...Ignored