FX:USDJPY   U.S. Dollar/Japanese Yen
3 months ago
USDJPY             stays strong after Yellen's speech and will ride the rally through to 105.5 next week. We could long when it pulls back on Monday around the blue box. We also expect it to hit 110 by the end of September when the US rate hike comes in September.

Fundamental wise, with global stock markets doing well, investors are getting less risk adverse. Safe haven assets like Gold             and Yen will further depreciate. We expect BoJ will further defend USDJPY             and prevent it from falling below 100. We see a limited downside from Longing USDJPY             .

Technical wise, USDJPY             broke the resistance and has turned bullish for the next few trading sessions. One could wait for retracement around the blue box for better entry and long it till 105.5.
3 months ago
Trade active: Keep adding longs as it retraces towards the blue box.
3 months ago
Comment: Very nice. Moving on
3 months ago
Trade closed manually: Closed with profits. Wait for it to retrace back to 101.5 area.
3 months ago
Comment: Perfect blue box area. Did you guys get it?
a month ago
Comment: How are we all doing :) U/J to 107 is not too far
a month ago
Trade closed: target reached
alhoby
3 months ago
Hi

do you think that this pair will open with a big gab to above?

Reply
forexmasters2016 alhoby
3 months ago
It is better to close trades by the end of the week to prevent gaps not in favor since weekend gaps can be big and are quite hard to predict.

Just to give you a direction, I wouldn't surprise if it gaps up.
Reply
alhoby
3 months ago
Hi

Do you think that this pair will open with big gab to above next week ?
Reply
DerekLee
3 months ago
I agree with you
Reply
forexmasters2016 DerekLee
3 months ago
Thank you my friend. Lets get it :)
Reply
ElShortyDk
3 months ago
SUBE HASTA 105 ?
Reply
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