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.....
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?
Reply
GetBusy88 AncientM
- 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....
Reply
AncientM GetBusy88
Thanks for your reply GB88....well said outlier!
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out