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

USDJPY 4-week Cycles

 
14raj
Kolkata, India
Posts: 210
15 years ago
Jul 20, 2009 13:24
Ashraf,
I was long in USDJPY(9380) and booked profit just now at 9457.Previous swing low was there at 9480 level and thats y I square off my long. But holding my EUROUSD long.What do you think about EUROUSD?
regards,
rajib.
Gunjack
UK
Posted Anonymously
15 years ago
Jul 20, 2009 12:08
Hi Ashraf - USD/JPY has broken the 94.5 res level, where do you see it's next res level on this pair? Was thinking of buying some 9350 puts

Thanks
Gunjack
Ashraf Laidi
UK
Posted Anonymously
15 years ago
Jul 16, 2009 15:20
Mojo, USDJPY decline reconfirms the lose-lose scenario in USDJPY. As for those YEN crosses, they suggest gradual shorts from these levels.but only gradual because stocks have yet to convince the bears.

Ashraf
Mojo
United States
Posted Anonymously
15 years ago
Jul 16, 2009 14:40
Good Morning Ashraf,

Does the USDJPY bearishness mean we can safely short other yen crosses like NZDJPY, GBPJPY and AUDJPY?

Thanks,

Mojo.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 16, 2009 14:17
raj, if your bullishness in stocks proves valid then not sure about extending your gains on USDJPY. Daily USDJPY candle looks quite bearish. 94.40 was 38% retracement of the decline from the 9880 high to the 91.70 low.

Ashraf
14raj
Kolkata, India
Posts: 210
15 years ago
Jul 16, 2009 13:36
Ashraf,
I again made a move and long in USDJPY again at 9370.and already after normal retreat its looking good for 9470.What do you think about USDJPY?
regards,
rajib.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 15, 2009 15:57
raj, youve already done it. Congrats. I wouldnt be long USDJPY above 94.40s.

Ashraf
14raj
Kolkata, India
Posts: 210
15 years ago
Jul 15, 2009 14:07
Ashraf,
I was long in USDJPY at 9225 and planning to exit from the trade at current market 9345.should i hold it?
raulin
london, UK
Posts: 65
15 years ago
Jul 14, 2009 22:40
I think with intel profits we go to 97.20 at least in u/j we triple bottomed at 91.70 hence this will drag all jpy pairs with it to upside if we can hold key key 93.50 level a break on a H4 chart is necessary. It is important news that a tech is selling and making profits and beating expectations that is necessary to sustain a recovery. I am bearish overall but you cannot get in the way of a train.!!
jj
New Jersey, United States
Posts: 22
15 years ago
Jul 14, 2009 20:51
thank you sir. i was wondering if with elections in japan on horizon does that weaken the chance we see boj in mkt to prop up yen? seems like all think it will go south (88)yet still moving north.