19 years in trading
As you can see, everything is precisely explained in the chart. The pair was supported for several times from 108.13 (the low), all the way to 108.70 and on Friday September 08, the pair finaly broke the support, closing the week at 107.84, well bellow the support area. For sure, that closing on Friday gave the sellers view of the
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The picture speaks a thousand words, right!? Well, this is the best way from me to describe what happend in the market on November 08./09. and how the market reacted on US presidential election results. At first, everybody tought, yes I was right about development if Trump wins, buy gold and Yen, sell stocks, but only a few hours latter,
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I wrote about SL hunting two days ago at the GBP/USD and here we are again, at the USD/JPY. Well, there is a very good saying ‘trade what you see, not what you think’, but in the last couple of weeks I see too many moves like this, on which is not easy to trade. Is there is not enough liquidity for
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How much you have paid the ticket for this ride? Well, if you traded USD/JPY or JPY with other currencies last night, you have certainly paid this ride too much, right!? Take a look at my 5 minute chart how this was dangerous to trade and that looks even more frightening if you take a look at the 1 minute chart.
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After huge JPY strenght on April 24. the BOJ threatened to intervene at any time if needed and the market took that seriously enough at 105.00, pushing the US dollar back to 111.00 in the next couple of weeks. But, as the British referendum aproaches, the JPY strenght returned back and 105 was broken on June 16., a several days before. After that,
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As you can see, it’s not an easy level for the buyers and it will be interesting to see how serious they are now!? What will be even more interesting is how the sellers will react if the buyers manage to reach 111.60/80, the strong resistance area in my point of view… Daily MA100 is placed above that resistance on 112.75 now
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If you can remember my USD/JPY analysis from February 23., I wrote in wich level the BOJ could be ready and I pointed 105.00/50 as the possible one. As you can see, after the pair reached that level, the BOJ is talking about possible intervention in the FX market for days, in the last two we can hear that specificly from the
Read moreBOJ’s decision not to ease the monetary policy furder despite bad inflation data returned the pair sharply last night for almost 300 pips in a 3 minute sesion, 111.68 > 108.73. After the morning’s press conference, the pair has fall furder with low at 108.05 today and slightly recovered to 108.35 in these moments. As you can see, gain from
Read moreSure, 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
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This is what I have predicted in my USD/JPY analysis from March 24., after the pair reached strong resistance area. This prediction was not only from the technical perspective, but because all the previous moves and developments in this pair, which I followed for weeks and what made me to see this possible move, analysis from March 17./18. as well. I
Read moreUS dollar has find a buyers at 107.60 level last week and in the beginning of the new week in the same level. We could see that this week is in tha favor of the buyers for now in wich they have reached 109.30 today. This is minnor weekly resistance now at 109.30/60, after wich they have a bigger one
Read moreThere is FOMC coming up at 18:00 h (GMT), but the market players have decided not to wait here. I followed the 110.00 attack at the M5 and M1 chart and must say that, this was a real firework. After the sellers have broke 110.00, the buyers have took over at 109.82 and fire the rocket at 110.40 in a matter
Read moreAs I predicted, the strong support level at 110.70/111.00 is broken, but there is more fight to come for the sellers. As you can see here in this weekly chart, the buyers teritory could be all the way to 109.70, from were they could turn over the pair in their favor and that’s what worries the sellers now. There is not much
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