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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:

JPY

Discuss JPY
 
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Callum
Singapore, Singapore
Posts: 179
14 years ago
Dec 23, 2010 5:43
@laurent, wanted to get your views again given USDJPY broke (albeit intraday) triangle to the downside, and a break below the Daily MA 100. Looks like it might look to test the low 82 levels as support. Timing / Volume maybe an issue this week ....
laurent
Paris, France
Posts: 6
14 years ago
Dec 21, 2010 18:15
USDJPY : potential ascending triangle
Short-term Analysis : After a steep rally from 80.30 to 84.40, the pair is in a sideways consolidation that is slowly taking the shape of an ascending triangle. A bullish continuation pattern. Key level remains at 84.50 and only a breakout to the upside would be a clear bullish signal for a further advance. What I like very much about this chart is the impulsive advance that took place on dec.14th & 15th and the corrective 5-day consolidation ending up today with a variation of a dragon-fly doji. That doji is also confirming a potential up trendline. I remain bullish overall about USDJPY and there is a technical possibility that the advance is going to start very soon and go as high as 86.50.
see the chart here :http://globaltechnicals.typepad.com/blog/2010/12/usdjpy-potential-ascending-triangle.html
Gunjack
London, UK
Posts: 1184
14 years ago
Dec 20, 2010 18:40
@Callum my boy watch the JGB and 10Y trsys mkts if u play USDJPY...highly correlated
Callum
Singapore, Singapore
Posts: 179
14 years ago
Dec 20, 2010 16:51
What's the play with USDJPY? While USD is going higher against a number of majors while USDJPY goes below 84 again .... What's the USDJPY most correlated to these days? Earlier this year (and most of last), it was correlated to risk-trade and even the equity market, even in December/Jan period during thin volume.
laurent
Paris, France
Posts: 6
14 years ago
Dec 17, 2010 23:23
EURJPY - Bearish rising wedge at Resistance
Short-Term Analysis - EURJPY traded latterally for almost three months and finally broke down to 108.35 . The Euro Bulls pushed it back right at support now turned Resistance but stopped then their rally. The upward march took the shape of a corrective rising wedge. Today, the ascending trendline was decisively violated and the bears took apparently control.
see the chart :http://globaltechnicals.typepad.com/blog/2010/12/eurjpy-bearish-rising-wedge-at-resistance.html
Gunjack
London, UK
Posts: 1184
14 years ago
Dec 16, 2010 17:45
The cap on USDJPY is around 84.5...break of that and we should see 85s quickly
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 14, 2010 18:55
NO COINCIDENCE that 55-day MA in $USDJPY= support 82.50s & in GBPUSD = resistance 1.5890s in this videohttp://bit.ly/gJ3aBj

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EURUSD
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EURGBP

Ashraf
Gunjack
London, UK
Posts: 1184
14 years ago
Dec 13, 2010 16:31
damn it, wish had backed my self on eurjpy today...nice mint to have been made there too
Gunjack
London, UK
Posts: 1184
14 years ago
Dec 13, 2010 16:07
eurusd strength not allowing USDJPY to join in with eurjpy
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Dec 13, 2010 16:05
tp eurjpy long @11207 from 11162
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