UJ on Very STRONG Support Zone & News 2 come..
BoJ Governor Kuroda: Financial system is maintaining stability -CPI- expected to be slightly negative or around 0% for time being. To maintain QQE with negative interest rates for as long as necessary. Will add stimulus via cutting rates or boosting QE if needed. Keep an eye for NFP results. Next week is big for -Usd- as well
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channel formed & flat bottom wedged nearly formed
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CHECK OUT the Chart in the updated section of this comment : UJ broke the pattern. Keep an eye on Usd news this week
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Bernanke on his way to see Japan PM Abe... mhmmm I could only imagine what might happen.
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possible retest at 104.7 area b4 big Usd news.
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Exited with +470 pips
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sentiment is now on the short side
Much more news coming.
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Rebought at 105.7positive Upbeat FOMC Statement. Usd Gdp is expected 2 be good &BOJ Conference is soon
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3rd run. Conservatively buought at 100. Extreme Conservative unless news comes out good later 2day. Big Friday for Usd.
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bought at 100.9 ** very conservative
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exited with + 105 pips. looking 2 rebuy. chart ---->
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4th run - Conservatively bought at 101.2 looking 2 add more Buys after Usd news is good (Friday's news) Check latest update as price in on grey S & R zone
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4th run.. exited quickly after Bad Usd news. exited with + 50 pips. 5th run. rebought UJ at 101.2. Jpy news coming. will look 2 add a bit more if its bad
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UJ has the Biggest opportunity for a long term buy. With the Fed looking 2 raise rates..without a doubt does this pair have the biggest potential. I bought in after Yellens comment.
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sold after NFP
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Usd news looks great sooo I conservatively bought until FOMC guy speaks.
