USD/JPY, dollar strikes back!

mario urlic forex usd-jpy 22.04.

Sure, exactly how I predicted and describe in my USD/JPY analysis from April 13. In the last week, the pair found resistance at the 109.30/60 level, as I wrote and the strong buyers were ready in the beginning of this week at the 107.60 level. I draw that weekly resistance level and trendline support last week and the pair moved exactly based on them. It’s the same thing what I wrote about in my last USD/JPY analysis, ‘you need the see the market ahead’. The resistance level is all the way to 111.20 and the question is who is ready to sell now? Would you, because I am not sure in wich level the buyers would like to close this week!?

‘The only source of knowledge is experience.’ – Albert Einsten

Advertisements

8 comments

  • Great prediction on gold Mario, but as I see they push the gold up again. No way for bigger decline in April or?

    Like

    • Nasty market, what can you do!? 🙂 I wrote for several times that gold is in some kind of neutral teritory for a few weeks and that I don’t see the clear direction. Short term trading, there is no other way to benefit here in April, yes. You can see that I didn’t analyse gold often in April.

      Like

  • Dear Mario what do you think about gold further movement? will it go down from this point or still could test higher resistance levels? Thank you

    Like

    • I think that the gold traders are in some kind of shock after yesterdays move, because the gold should be much lower for sure, 1225 > 1200 > 1180.

      Like

      • 1242 is strong support for now?

        Liked by 1 person

        • As I pointed in my gold analysis yesterday, yes. But, it seams to me it’s a matter of minutes when the sellers will start to push down!? Gold move from yesterday forced the buyers to place their orders here now and that’s the problem.

          Liked by 1 person

          • Guraju oni prema dole kako si i napisao, ali ne mogu probit podršku nikako?

            Liked by 1 person

            • 🙂

              Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s