FXSayWhat

11/14/15 USDJPY on Track to 125.00 as USD CPI Approaches

FX:USDJPY   U.S. Dollar / Japanese Yen
110 2 6
USDJPY             forms flag pattern heading to USD inflation data release on 11/17.
Let's see if the 123.00 level will or will not hold.
Trade active: UJ push around 123.50. Last week's lost was all recovered.
Trade closed manually: Position closed due to massive Long covers in post Nov. FOMC section (Tokyo section.)
Comment: I would revisit this pair when price push beyond the 123.50 level again.
I like your view
+1 Reply

an hour ago
Comment. Now that we're out of the box , I think that PB testing of box top for support is the ideal thing.
The basic tenets of Technical analysis: SUPPORT & RESISTANCE.

Now, when that is done, I see 125 as the ultimate target. But 124 first
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out