USDJPY - 120.30 critical

FX:USDJPY   U.S. Dollar / Japanese Yen
492 9 8
Not trivial.

If breaks 120.30, it could reach 122 rather quickly.

if 120.30 retains, a failure of the channel up would probably bring to 117 later this months.

Related Ideas

Simple yet effective, Nice.
Agreed, I'm watching this level, it'll be a nice long if it breaks above it.
YaKa IvanLabrie
possibly... but i think the more complexe scenario may develop.
+1 Reply
Note: equities went up today on a bad ISM.
Which means that the equity folks think that a bad number is going to provide them with a longer period of low rates (if i read it correctly)...
+ if you believe equities are a short here (nikkei on resistance).. it is difficult to imagine usdjpy climbing 2 figures without nikkei reacting.

BUT i dont have a strong opinion... forced to risk 40pip, i would try the short on the line
+1 Reply
I wouldn't take a long here either, just watching to enter short...if possible.
Well, my time target for a long to 120.85 expires today, which is a bearish signal if not reached (time at mode).
YaKa IvanLabrie
almost zero risk to reach today sir.
+1 Reply
YaKa IvanLabrie
+ if it reaches 120.70, the remaining move before reaching resistance is only 130pip...
difficult... I think the guy who wants to take long is better off doing it here and playing through resist..
We will see plenty of longs, retail side...waiting for NFP.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out