Short
- #57,382
- Jun 14, 2015 7:39pm Jun 14, 2015 7:39pm
- | Joined Jun 2015 | Status: October 16th 2015 - I've got it !!! | 309 Posts
{quote} target?
If it breaks 123,30, the minimum target is a fast 123,00, then I will see...
I hope for a new low under 122,4 in the next 3 days
- #57,383
- Jun 14, 2015 8:57pm Jun 14, 2015 8:57pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
{quote} It depends from the price action If it breaks 123,30, the minimum target is a fast 123,00, then I will see... I hope for a new low under 122,4 in the next 3 days
USDJPY has what is arguably the most confluent level at 122 than any other pair at the moment. Not only is this the March 2015 high, it also represents the 2014 high (albeit a bit lower at 121.84).
On top of that, this level is the 50% retrace from the swing low at 118.20 to the recent swing high at 125.85. If that weren't enough it is also the 38.2 Fibonacci retracement from the swing low at 115.50 to the 125.85 swing high.
Needless to say this is an area with a huge amount of confluence and one that I will be watching with a lot of interest this week. Any bullish price action on a retest as new support could provide us with an extremely favorable buying opportunity.
Summary: Watch for bullish price action on a retest of 122.00 as new support. Key resistance comes in at 123.80 and 125.85.
It takes a lot for me to IGNORE you, but you can try.
- #57,384
- Edited 2:03am Jun 15, 2015 12:38am | Edited 2:03am
- Joined Sep 2014 | Status: Trader | 4,176 Posts
for update only,
******
Semiannual Report on Currency and Monetary Control (Summary)
Second Half of Fiscal 2014 (October 2014-March 2015)
http://www.boj.or.jp/en/mopo/diet/d_.../hanki15a.htm/
The Japanese pdf files are expansion of talking QQE for the years up to now :
The summary on the English page :
the section start with : (2) Increasing asset purchases and extending the average remaining maturity of JGB purchases.
is enough for describing the pdf files.
I am still trying to understand the contents (very difficult for me).
the main thing is 80 tril. and further more on buying long-term national bond and foreign funds.
******
******
Semiannual Report on Currency and Monetary Control (Summary)
Second Half of Fiscal 2014 (October 2014-March 2015)
http://www.boj.or.jp/en/mopo/diet/d_.../hanki15a.htm/
The Japanese pdf files are expansion of talking QQE for the years up to now :
The summary on the English page :
the section start with : (2) Increasing asset purchases and extending the average remaining maturity of JGB purchases.
is enough for describing the pdf files.
I am still trying to understand the contents (very difficult for me).
the main thing is 80 tril. and further more on buying long-term national bond and foreign funds.
******
- #57,385
- Jun 15, 2015 1:58am Jun 15, 2015 1:58am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #57,390
- Jun 15, 2015 6:10pm Jun 15, 2015 6:10pm
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
When the facts change I change my mind, what do you do sir
- #57,393
- Jun 15, 2015 6:48pm Jun 15, 2015 6:48pm
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
BoJ Gov Kuroda: No Limit On Monetary Base Against GDP -- BBG
When the facts change I change my mind, what do you do sir
- #57,396
- Jun 15, 2015 7:03pm Jun 15, 2015 7:03pm
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
{quote} We are still in short setup if we don't break 123,810...and we didn't. So now I opened new short from very high price. Thanks Kuroda....again...
When the facts change I change my mind, what do you do sir
- #57,398
- Jun 16, 2015 12:03am Jun 16, 2015 12:03am
- Joined May 2012 | Status: CoC'd again ! | 8,578 Posts
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
