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

JPY

Discuss JPY
 
Qingyu
manchester, UK
Posts: 1763
11 years ago
Apr 4, 2013 13:10
In reply to djellal's post
TY, dj.

and a lot of thanks to AL! :)
Qingyu
manchester, UK
Posts: 1763
11 years ago
Apr 4, 2013 13:09
In reply to DaveO's post
i did set tp @9470, but soon change my mind. :(
djellal
LAUSANNE, Switzerland
Posts: 531
11 years ago
Apr 4, 2013 12:52
Hi guys,
It's time to get lot of pips on jpy again

Usdjpy 110y soon , eurjpy 127y
Gbpjpy 160y

Be cautious to north korea & usd , oil
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Apr 4, 2013 12:34
In reply to Qingyu's post
you did well !
Qingyu
manchester, UK
Posts: 1763
11 years ago
Apr 4, 2013 7:47
oops, i set tp @ 94.10, too low. :(
Ashraf Laidi
London, UK
Posts: 0
11 years ago
Apr 3, 2013 22:34
Hi Dave,

Switched bias in latest USDJPY Premium as momentum indicators suggest weakness in yen cross to remain for a bit more before pairs take off.


Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Apr 2, 2013 11:19
In reply to DaveO's post
the 127.2% ext target and 55 DMA taken out today. Quite a good bounce so far with price sitting slightly above the 55 DMA at 93.26. Above 94.90 might confirm end of the correction. Further downside would likely see 91.85.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Mar 28, 2013 18:20
In reply to GM1212's post
After a string of 6 losses on usdjpy I am slightly surprised AL is already calling long again x2. Its not as if the other pair trades this month have plenty of profit built in to accomadate further losses !

I think traders are currently sick of hearing more jawbone than action from the Abe camp. Furthermore this pair was well overdue some chart pattern correction as the prior correction from 12th Feb high to 25th Feb low was a very brief affair.

Ashraf, your trend support line from 9th Nov low could come in today at c.94.40 if redrawn to kiss the late Feb lows. Price is currently below this revised trend support.

On pattern this current correction from the 12th March high made ABC symmetry at 93.48 on the 25th March. I played the latter part of that move down. We still have the jury out to possibly visit the 127.2% extension at 92.75 almost coinciding with the 55 DMA, or even the 161.8% ext at 91.85 (which would signal a deeper correction still after a minor bounce).

Finally the JPY has been one of the strongest currency again today, well above the usd strength. I am not at all sure that long trades are yet in order.
GM1212
Geneva, Switzerland
Posts: 0
11 years ago
Mar 28, 2013 10:23
In reply to Ashraf Laidi's post
Ashraf, please change the limits on the second USDJPY alert sent today! It does not seem right, cheers
Qingyu
manchester, UK
Posts: 1763
11 years ago
Mar 22, 2013 9:52
In reply to djellal's post
thanks dj