Forex Trader

Amaizing day yesterday, isn’t it? First, the USD/JPY broke strong support at 117.20 and sank all the way to the 115.56 after wich bulls have taken the control and push the pair up all the way back to 117.75. Sure, that’s not the end and the pair return down again and stop at 116.25, after wich the bulls push the

In my USD/JPY analysis from yesterday I pointed 117.20/118.20 as a strong support and 119 as first and possible resistance level. After the pair touched 118.97 the pair start to fall and the bulls start to defend the support line at 117.60, which was supported for more then 10 hours. During the Asian sesion that line 117.10/20 was defended for

After seventh weekly growth in a row at USD/JPY, the pair finaly cool off last week, but on each decline buyers are waiting between 117 and 118 after which they push the pair back up to 119/120. This is a normal consolidation for the pair after enormous growth and furder up/down move between this levels are possible.

USD/JPY, what to say on this pair? Every decline on this pair is fully and quickly covered by the USD bulls. At this moments, the pair hit the previous resistance from November 25., at 115.50/60. If the pair manage to brake this level, 118.90/119.00 is the next strong resistance, previous resistance from November 20. and 7 years high! Buyers are serious

Take a look at montly chart here. USD/JPY is aiming for 100% return of the July 2007. –> August 2011. fall,! The fall started in July 2007. from 123.66. There is several resitances on the smaller charts here, but I can’t see any stronger one before 118. First support is at 114.90/115.00, second the stronger one at 112.40/50. But, is there

After FEDs decision to end its QE3, BOJ last night shocked traders by increasing its already-massive Quantitative Easing program by another 30 trillion yen per year. USD/JPY fly today like a rocket and looks like there is no end!? I can’t remember such a daily gain on the USD/JPY of more then 300 pips. Who can stop this pair and where? 112.50