J.T.Marlin

J.T.Marlin Updated 

sorry published after the fact but current position...

J.T.Marlin Updated 

break-out on triangle

J.T.Marlin

only short upon break (last time the bottom acted as a support and broke new highs.

J.T.Marlin

Nikkei has leveled off with a "media explanation of de-risking from Italian Referendum", but looking comparing with the DXY USDJPY has really gapped (US equities also seems to be the same story). Strong case for US strength remains, but bulk of the Japan's strength ( = JPY's weakness ) is USDJPY-driven, unlike the EUR and GBP, which has has recent developments in...

J.T.Marlin Updated 

let's see if we can close at 113.40 before NFPs...

J.T.Marlin Updated 

Potential reversal --- clear break of the 112.50 in the next 4-8 hours would warrant a short into 110.30 area, further into 109-110 (TP1, TP2). Could see consolidation or further drive down based on the velocity of the move up, but that should be saved for another analysis (TP3). Shallow stops (around early 113s) as current trend ignores many oversold indicators...

J.T.Marlin Updated 

Reversal confirmation: RSI 80+ on daily Fundamentals: OPEC, TRUMPFLATION, Equities boost all based on rumors and no substantial evidence the speed in rise (I don't argue that jobs, homes, and other US domestic indicators showing positive notes since few months back...but still makes no case for discussion). With rate-hike 100% priced in, very difficult say "this...

J.T.Marlin

comments in the chart itself.

J.T.Marlin

Good morning, Saw that 107.50 reached overnight, triggered by the series of european news. Now what? Recapping yesterday's move, any directional moves were news driven, and small intraday moves were following equity moves. Given this, for morning trading, my guess is that next kick will the usd unemp claims, which at this point may determine whether we are...

J.T.Marlin

Waiting off the news and clearer signs of directions. On the daily, entering the clouds on the ichimoku could indicate another few weeks of ranging, or could be a support to push up into the 108 zone. ~They say money can't buy happiness? Look at the *smile on my face. Ear to ear, baby.~

J.T.Marlin

In a nutshell: Expect to be within weekly ranges, Lightly buy dips until 107.30, view net long until re-test of yesterday's lows or large moves in treasury yields. Keep an eye out for Nikkei for intraday entries. Fundamentals: Japan Trade Balance in alignment, no large positions due to series of news (I want to sleep tonight). Expect to be flat before NY...