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

JPY

Discuss JPY
 
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dhussey
United States
Posts: 22
14 years ago
Feb 26, 2010 19:05
*** 88.22 is next area of support after the 88.5 low that Laidi noted... 88.5 may hold, hence my current long position
dhussey
United States
Posts: 22
14 years ago
Feb 26, 2010 18:48
MY charts:
Primary (USD/JPY Bullish)http://www.twitpic.com/15ggzh
Secondary (USD/JPY Bearish)http://www.twitpic.com/15gh3g
dhussey
United States
Posts: 22
14 years ago
Feb 26, 2010 18:42
My USD/JPY thoughts... There is good data supporting both directions, in my opinion... With the weekly trend line holding at about 92, I bias the USD/JPY lower to test the 87 mark. USD/JPY also broke trend line support from 11/27 and 2/4 lows, and if 2/4 low is broken I target 87 (or just below it 86.72). The 61.8% retracement comes in at 88.22, and that is next area to watch for support. I am long 1 unit though at market 88.9... stops 88/88.2. Watching support retracement at 88.22ish.
dhussey
United States
Posts: 22
14 years ago
Feb 26, 2010 18:37
I just got long USD/JPY, I have stops at 88.2... if I get stopped I am a buyer again at 87....
Xaron
Munich, Germany
Posts: 528
14 years ago
Feb 26, 2010 18:28
Yes I'm still long USD/JPY. And I will stay long.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Feb 26, 2010 18:15
callum, USDJPY is mainly result of strong JPY. next wave of general USD rebound should help drive up USDJPY to 89.40s and support. looking fo rsupport at 8850

Ashraf
coolshades
UK
Posts: 53
14 years ago
Feb 26, 2010 16:43
xaron are you still long on usdjpy?
rkkashmir
Posted Anonymously
14 years ago
Feb 26, 2010 12:51
Ashraf-your read on usd/jpy would be greatly appreciated
Xaron
Germany
Posted Anonymously
14 years ago
Feb 26, 2010 7:25
Looks like, Pipster, yes. Upper daily trendline is around 1123. I will add a short there.
Pipster
birmingham, UK
Posts: 111
14 years ago
Feb 26, 2010 7:23
xaron

Hi, Is that a rising wedge on gold 1hr chart.
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