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by Ashraf Laidi
Posted: Jun 24, 2009 14:06
Comments: 182
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This thread was started in response to the Hot-Chart:

USDJPY 4-week Cycles

 
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 14, 2009 17:25
Steven, JJ,

yes we did reach the USDJPY target low below 92. But something tells me that the rebound abovd 93 is limited. if S&P500 fails to break above 930, then cannot imagine USDJPY remaining above 940.

"No 930 for S&P, Maybe 930 for Gold, Yes 93 for USDJPY"

Ashraf
jj
New Jersey, United States
Posts: 22
15 years ago
Jul 14, 2009 16:11
i know that were in a 5 yr cycle and approaching the lows in usdjpy and the trend is still down for longterm, but have we not reached the 4 week cycle low you were talking about 2 weeks ago and last week? i think we hit 94+ before we head lower sub 90 again. your view please.
Steven Blyth
London, UK
Posts: 148
15 years ago
Jul 14, 2009 15:36
Dollar break down short lived?.

Do you still see USD/JPY as short term Short at these levels to support line of 91.30? There is talk of the Dollar break down being short lived with a possible push back up to 95.

Best,
Steven

Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 14, 2009 14:20
Gun, mentioned it my tweet that USDCAD broke below 6-week trend line support and below 55-day MA of 1.1440. We could be looking at 1.1360--38% retracement of the June-Jul move.

Ashraf
Gunjack
London, UK
Posts: 1184
15 years ago
Jul 14, 2009 13:35
Hi Ashraf - 1.145 res level on USDCAD taken out and with bullish earning from GS do you see further weakening of the USD/CAD pair?

Thanks
Gunjack
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 13, 2009 12:22
Mojo, if you have been reading this website (since Oct) you will see that i always expected USDJPY to break below 90 in H2. See my October articles as well as my Workbook. Also see my 5-year cycle in USDJPY. Now you have people popping up from everywhere saying USDJPY will go lower. the trade remains to seel USDJPY between 92.30 and 93.30 for 70-100 pip gain.

Ashraf
Mojo
United States
Posted Anonymously
15 years ago
Jul 13, 2009 11:56
Good Morning Ashraf,

Would you please share your thoughts on this USDJPY = 88 target?

Thanks,

Mojo.
rajesh68
Singapore
Posts: 60
15 years ago
Jul 13, 2009 11:51
USDJPY projected at 88. Please see this video.
http://broadcast.ino.com/education/usdjpy79/
SPECULATOR
LONDON, UK
Posts: 17
15 years ago
Jul 13, 2009 0:41
but the question is, will BoJ come in and sell the yen to devalue? thats why i expect the yen to initially be the biggest gainer and then the dollar.

we need to see china drift lower to see money come back to us dollar cash for its strength to highten, brics general sell off is not sufficient.
redstone
UK
Posts: 25
15 years ago
Jul 11, 2009 16:08
Agree spec. risk aversion is coming back in a big way soon along with a drop in equities. all positive for the JPY. USD/JPY 87 soon i think