Hot-Charts
100 $/Yen is no Big Deal
by
Apr 3, 2009 12:10
USDJPY breaks above 100 for 1st time since Nov 4 after yesterday's important break of the 200-day MA for the first time since October. In order for the current move to garner more credibility, USDJPY must breach above the 50-week moving average (100.48) and extend onto 101.5, which is the 61.8% retracement of the decline from the August high to the January low AND the trend line resistance from the same high. Considering that stocks will likely take profits after what could prove to be sharper increase in unemployment (above 8.2%) and further deterioration in payrolls (after stabilization in last 3 months), USDJPY appears overstretched for now.
More Hot-Charts
-
Mystery Charts
Feb 5, 2026 20:48 | by Ashraf Laidiسأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات Will send detailed note on latest parameters to our WhatsApp Bdcst Group... -
2hr Gold Chart
Feb 3, 2026 13:09 | by Ashraf Laidiسأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات Will send detailed note on latest parameters to our WhatsApp Bdcst Group... -
Gold Net Longs
Feb 2, 2026 17:16 | by Ashraf LaidiI really dislike after-the-fact analysis, but looking at this chart of Gold speculative net longs at the Comex, it shows speculators began lightening their longs on Jan 23.
