In this topic:
- I predicted U/J would retrace to 99.40 and then moved to 101 level.
So what next ?.
Next week, there is no data for USA, but JPY has two main events.
- BOJ Minutes on Monday
- CPI on Thursday.
Yesterday, BOJ announced that they will keep monetary policies unchanged.
I think nothing new in BOJ Minutes.
I concentrate in CPI (YoY). BOJ said that they wanted to see CPI reached 2% in 2015.
If CPI is good,the advance of U./J will be strengthened.
Like I said, two elements affect U/J are:
- Nikkei 225
-US 10 years T-Bond.
Both are on the run higher. If FED unchanges monetary policy, no taper next months, Dow Jones , S&P rise --->; Nikkei 225 rise --->; U/J rallies.
I think U/J will test 102 zone in next week. So I choose Long position, but be careful, 101zone is a very strong resistance level. U/J might retrace a little bit , i think U/J could retrace to 100.40 and then rally again to 102.
I don't have much ideas for technical analysis, simply U/Y is on the trend. Bullish trend.
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So what next ?.
Next week, there is no data for USA, but JPY has two main events.
- BOJ Minutes on Monday
- CPI on Thursday.
Yesterday, BOJ announced that they will keep monetary policies unchanged.
I think nothing new in BOJ Minutes.
I concentrate in CPI (YoY). BOJ said that they wanted to see CPI reached 2% in 2015.
If CPI is good,the advance of U./J will be strengthened.
Like I said, two elements affect U/J are:
- Nikkei 225
-US 10 years T-Bond.
Both are on the run higher. If FED unchanges monetary policy, no taper next months, Dow Jones , S&P rise --->; Nikkei 225 rise --->; U/J rallies.
I think U/J will test 102 zone in next week. So I choose Long position, but be careful, 101zone is a very strong resistance level. U/J might retrace a little bit , i think U/J could retrace to 100.40 and then rally again to 102.
I don't have much ideas for technical analysis, simply U/Y is on the trend. Bullish trend.
" I upload my application on Android Store , the App names Forex Tools including 7parts :
- Lot Size Calculator
- Margin
-Pip Calculator
- Fibonacci Retracement and Extension
- Gann retracement
- Pivot Point
- Trade management.
Just $2 for Pro version with no ads and full currencies in Lot Size calculator and trade management.
Please visit: play.google.com...re/apps/details?id=sforex.... for more detail. Thanks."