Noted. I also see 100 as a possibility, but need to see what happens at 90.

USD/JPY Discussion

Everything is a matter of perspective, Dukascopy's survey of 4 banks puts Ninja at 85 within 6m & 90 within 12m on average. I say we reach 90 within 6 months if not quicker.

USD/JPY Discussion

The ones that sold the pair from last May set trailing stops above current monthly congestion zone as that interrupts the bearish trend.

USD/JPY Discussion

Personally I only care about surpassing 84.5 zone as that's where there are a lot of trailing stops.

USD/JPY Discussion

Thanks, I like EurJpy more (monthly).

USD/JPY Discussion

Eur/Aud looks interesting Monthly chart, expansion brewing, considering where it came from, few thousand pip upside is likely

USD/JPY Discussion

"14th February, 2010, London, England:WDX Organisation Ltd. (“WDX”), the owner and distributor of the real time Wocu world currency unit quotation, notes the recent call by Dominique Strauss-Kahn, Managing Director of the International Monetary ...

USD/JPY Discussion

According to Oanda retail shorts have dropped from about 80% vs long to 68 vs 32%. Goodish sign for upside.

USD/JPY Discussion

Re: - "call me cookoo" paragraph; In principal I agree with you, a bottom normally requires a flush to trigger stop loss orders, yet when it comes to retracements that is not necessarily so, IMO monthly chart can retrace to 90 & it will still be ...

USD/JPY Discussion

Let's look at the big picture regarding Ninja ie Monthly frame. I am not going to delve into great detail as you can reference the chart yourselves. I am not going to bring up any fundamental reasons, just where price has gone from to get where it ...

USD/JPY Discussion

QE2 at levels suggested has been priced in, a few IMO worthy analysts suggest that news will be sold=USD up, if they stall=USD up more, if they announce smaller QE=USD up even more. At the moment it is all about debasing, so QE or not to QE will ...

USD/JPY Discussion

1st target 90 zone - very likely 2nd target 100 zone - likelihood not clear at this stage

USD/JPY Discussion

Daily 20 SMA reached (midpoint between BBs). EDIT: Similar p/a to E/U bottom ie support tested few times----support breaks----a quick flush----flush is bought. Now traders have to figure out for themselves what is the probability of a reasonable ...

USD/JPY Discussion

MACD on 4hr is above centreline first time since 22/09.

USD/JPY Discussion

If you are using Grab It for image capture then it only saves in TIFF & that doesn't upload. You need to preview it and resave as png.

USD/JPY Discussion

Here is the COT for last few weeks & last 52 week graph. Pretty clear that vast majority of traders remain bullish on Yen (79% bullish) & there are x3.7 more shorts at present. IMO that is out of whack. That is why Japan ain't happy, they say Yen is ...

USD/JPY Discussion

So far so good. There is a concentrated position in non-commercial traders' shorts at a ratio just below 4 to 1...we are going up

USD/JPY Discussion

Wide range bars/flushes that are bought leaving a hammer type price action. Basically lame action is not typical of a bottom, intermediate or not.

USD/JPY Discussion

From TA101: In a down trend---Never short near or at support zones.

USD/JPY Discussion

At apex of daily very tight wedge, it ought to rocket to 83+

USD/JPY Discussion