TradingView
J.T.Marlin
Oct 22, 2014 1:49 AM

USD/JPY: 10/22 Tokyo Hours Long

U.S. Dollar/Japanese YenFXCM

Description

In a nutshell: Expect to be within weekly ranges, Lightly buy dips until 107.30, view net long until re-test of yesterday's lows or large moves in treasury yields. Keep an eye out for Nikkei for intraday entries.

Fundamentals: Japan Trade Balance in alignment, no large positions due to series of news (I want to sleep tonight). Expect to be flat before NY hours.
- Japan Trade Balance: -1.07T actual vs -0.91T forecast
- Tomorrow: GBP MPC, CAD Core Retail and BOC, ***USD CPI***

Technicals: (I know not much, but working on it)
Major support at 106, resistance at 107.50
Other notable points: 106.14, 106.25, 106.87, 107.38, 107.48
SMA double death crosses used to catch quick reversals
(I know risky but has been working for me the past few weeks)

Trying out Tradingview for the first time.

~They say money can't buy happiness? Look at the *smile on my face. Ear to ear, baby.~
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