GetBusy88

4HKUMO STILL SUPPORTS, TROUBLE AHEAD IF 105 ISNT SMASHED SOON

FX:USDJPY   U.S. Dollar/Japanese Yen
259 3 1
- 4H Kumo dip buyers continue to support, trend higher continues.
- 105.00 and particularly 105. 50 proving tough work, will need some bull-dozing.
- Need a solid close above 105.00 for that swipe at 105.50.
- Watch out for the main risk even today, NFP which is expected to be good, room for disappointment, aka USD weakness?????

- Thin cloud means weaker support.
-Kijun and Tanken sens crossed negatively but both flat and can act as potential support.
- I would be cautiously long if the numbers today are a non event, diverging monetary policies continue to underpin, blah blah blah BOJ.....
AncientM
2 years ago
Not clear the USDJPY behave after yesterday's release. A long fall and then trying to up again. Looked to me a mixed data! Any thought?
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GetBusy88 AncientM
2 years ago
- Bad data, people writing it off as an outlier, doesn't matter, technical picture now neutral to negative for USDJPY.
- Next months number is now a big one, for the revision and any continued weakness, keep in mind that they pinned it on the bad weather and that was before the polar vortex....
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AncientM GetBusy88
2 years ago
Thanks for your reply GB88....well said outlier!
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