Actually, it is only minor resistance at 108. The strong resistance comes in 108.30-108.60 I believe it is dragged by Euro/Yen selling pressure (after euro showed waning sharply) CPI next in line, a high number can spark a rally to 108.30 at least I ...

USD/JPY Discussion

Buying dips is the dominating theme, and EURJPY bottoming out sharply at 158. Ah, it could be carry day, but lets wait..

USD/JPY Discussion

Last chance. 108.60 breakout or no forever. I think its the pair last chance to validate the upside breakout as 108 initial resistance gave up. Two tops ahead 108.30 and 108.60

USD/JPY Discussion

I do not think there will be much left for longs after this breakout if it happened. The NY close left studies ticking higher...but lets see 108 now offers are capping market. If it continues to cap, usdjpy can return to 107.50..and fast

USD/JPY Discussion

Indeed the upside was due to bonds rally. but technically usdjpy should not accelerate down until 110 or trendline resistance is faced. I mean technically, it should not go down. So the downside you expect and the downside you see already is a ...

USD/JPY Discussion

Thank you. I initiated fresh longs as market closed high with modest rebound. I target 109, and stop 106.90 Pretty wide stop, I hope the consolidation will be contained in this range until we get that 109. By the way, GBP is oversold according to ...

USD/JPY Discussion

Indeed. support in the low 107 area made a modest rebound for now. Well, the picture is getting more ugly over time. Let us put it clear.. According to cot, traders are not likely to be ready to push to new trend lows (104.95) at this time. I ...

USD/JPY Discussion

it's still in range. lets see if it will test double bottom (hourlies) on 107.25

USD/JPY Discussion

Hm.. it was not supposed to do that when the fall from 108.62 has been corrective not impulsive. Something is wrong, I still maintain bullish bias as long as 107.25 holds.

USD/JPY Discussion

Indeed. light volumes may not help break thru 108.30 hourly top now, and even stronger 108.60 I was hoping it closed in between 108.30 and 108.60 today for a big rally to 110 or so. Now, if it fails at 108.30 it will be like a double, double top on ...

USD/JPY Discussion

I still see AUD heading do 0.9400 then 1.0 respectively. I respect all your views though.

AUD/USD

Quick update to usd/jpy critical levels now: 107.25 on downside rising uptrend line support, double bottom, 200-hourly MA 107.50/70 bids area and extends 108.00 108.30 now is the critical level for usd/jpy, three attempts to break it with no ...

USD/JPY Discussion

Well you know, I've traded usdjpy a lot during that range so I just do not realize it dropped below 110. lol yea, 107. Certainly

USD/JPY Discussion

Oops! I meant if it dropped thru 106, sorry. My StopLoss. Ofcourse not, 116 is far from reality. My view is this pair will drop to 80-90 levels in some months after this corrective rally. But the question is the correction rally has two points to ...

USD/JPY Discussion

My opinion is that we are in a corrective wave from a bigger downtrend (114-104) and it should complete at least at 110 before resuming the broader downtrend. Yes, 108.50/60 is nice fib level, but the price action does not say it topped out there ...

USD/JPY Discussion

I am impressed how all technical analysis sites turn bearish on USDJPY suddenly.. and when it have broken out the 108. they all yell "110!" The choppy correction of 114. 104 move does not tell me it ended at 108.60. Especially with price action on ...

USD/JPY Discussion

So the only chance is a rally in the Dow on friday? Aside from the Dow, look at the weekly chart, the macd divergence, the long legged doji, the breakout of consolidation range..many factors favour a spike to 110. But, friday will decide. a close ...

USD/JPY Discussion

Is it only me? or I am only caught long the USD against Yen. Well, things do not look good to me. My personal analysis shows clear targeting to 109-110 least but the movement does not say this will happen. Anyone in my boat?

USD/JPY Discussion

Thinking: euro has moved higher too much today, perhaps time to give shorts a try? speculative. That's why I love EURGBP, made about 6 trades and do not have to care about all these silly gaps.

EURUSD

I have similar gaps as well here. Lol. Stop hunters?

EURUSD