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by Ashraf Laidi
Posted: Aug 14, 2009 10:23
Comments: 203
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This thread was started in response to the Hot-Chart:

USDJPY Cyclical Peaks

 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 1, 2009 2:09
John, good question. depends whats the nature of the particular catalyst driving down the markets. I think JPY will take a slight lead over USD in dragging down currencies, but USDJPY may remain somewhat stable.

stone, arent we 40 pips away from 89?

Ashraf
redstone
bristol, UK
Posted Anonymously
15 years ago
Sep 30, 2009 19:02
Hi Ashraf any idea when USD/JPY could reach 89 ? Many thanks
Steven Blyth
London, UK
Posts: 148
15 years ago
Sep 22, 2009 23:01
Thanks for the feedback Said, 14Raj + Redstone.
said
mulhouse, France
Posts: 2822
15 years ago
Sep 22, 2009 22:20
raj
usdyen trade in a downtrend channel.
the us plays the carry trade currency as long as the market has legs, thus i think will give us a strenghning signal for the yen as said ashraf.
my comment are base on a one year chart so i have to go deeper on a weekly chart.
14raj
Kolkata, India
Posts: 210
15 years ago
Sep 22, 2009 22:06
Said,
Exactly....JPY trgt area is near 9360-55. And Technically it should not break 9000 area...
said
mulhouse, France
Posts: 2822
15 years ago
Sep 22, 2009 21:55
stone blyth
if usdjpy does to 92.14 then target is 93.6 before going down
said
France
Posted Anonymously
15 years ago
Sep 22, 2009 21:29
stone blyth
i used elliott wave analysis and fibonacci to get the level target for usdyen
if u plan to go long usd place a stop at 92.14 which reprsent 61.80percent. news might come that trader are gonna trading on so raise ur stop level
then the next retracemetn lvel is at 90.30 , incase it goes right then the next level is 87.32
request ashraf to correct this if iam wrong
Steven Blyth
London, UK
Posts: 148
15 years ago
Sep 22, 2009 21:00
Could be. Just looking at the daily chart on USDJPY and it looks like we could be at the beginning of a mid term up channel.

Steven
redstone
bristol, UK
Posted Anonymously
15 years ago
Sep 22, 2009 19:21
Cant see 95 Steve. 93 maybe then gradual decline to 88 methinks.
Steven Blyth
London, UK
Posts: 148
15 years ago
Sep 22, 2009 18:31
USDJPY look like a Long from here? Seems we are at the bottom of a medium term UP channel. 95?

Steven
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