TheBanker
Short

USDJPY - BOJ Chess

FX:USDJPY   U.S. Dollar / Japanese Yen
Happy Weekend Traders

Market managed to break below 101.50 earlier this week where we advised that below this level more drop may hit market toward 99.00-50 zone, as we see over the char market facing resistance at 102.00 and 102.85 where as long as market holding below one of those level more drop will be expected toward 99.00-50 zone

Above 102.85 market may sustain advance toward 104.00 level so keep your eyes on this, as well as the $DXY             (attached)

GL and expect some nice movement in the pair before the leg up to 110.00 EoY

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Comment: see other usdjpy ideas on the chart above
Trade closed manually: -15 pips don't like this at all
Trade active
Comment: stops at breakeven for those following
Comment: congratulations to those who stayed along for the ride
Trade closed: target reached
That yen is calling us.
Reply
round 2
+1 Reply
TheBanker TheConcierge
absolutely
Reply
Gino TheBanker
It looks like h&s.
Reply
Sooo are you saying that your charting a temporary dip (that will form the 'C' leg) down to 99.000 before going up ( forming the 'D' leg) to 110?
Reply
TheBanker Trillionschifer
yes exactly my friend
Reply
My friend look at bigger picture :D
Reply
Going to 114.000? Why do you assume that? No worries I think its going up as well, to the 107 area but 114? Hmmm. I had to ask. :)
Reply
ChimbOt Trillionschifer
Supply and demand
Reply
TheBanker ChimbOt
:)
Reply
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