piphunters
Short

USDJPY: We are heading down... 90's 80's and even 70's possible!

FX:USDJPY   U.S. Dollar / Japanese Yen
1195 4 40
The pair couldn't break out of the current down channel it is in as we have expected earlier on and now it's looking more likely that this channel is not complete and even we may get a break below the channel for more downside as the overall fundamentals are driving this pair down like crazy unless BOJ is able to do something that can stop the appreciation of the JPY which may need some more muscle provided the uncertainty in the global markets and JPY being a safe haven.

IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.
Comment:
Comment:
Comment:
You're not worried about central banks intervening in the markets? So far both times price tried to break 100 it was strongly rejected.
Reply
Of course you can't afford to overlook it but we have seen BOJ try several times and fail, obviously this market needs more solid intervention than currently expected or done, let's see.
+1 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 Screener Crypto Screener 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