USDJPY

[Richard Persa]

Can we say that the uptrend is finally broken? I think yes. I see here a signal for a decrease to 112.00 and then up again to 113.00 with the possible formation of the figure "head and shoulders"

 

[arigoldman]

Sharp moves post rate raise... Interesting to see where it's going next.

 

[arigoldman]

Expecting a correction next week.

 

[arigoldman]

Staying out of this for the week i think.

 

[arigoldman]

Neutral at this time, but i think main trend would run in the coming week too.

 

[arigoldman]

Staying out of this pair for now. Would be interesting to see how the USD moves.

 

[arigoldman]

This pair has been tough to trade recently.

 

[DonCarleone]

I use it is a safe haven in the period of turbulence in forex markets. Gold is safer, but JPY is more beneficial (if we can talk about any profits than we hedge risks...)

 

[arigoldman]

Good move to the upside, healthy looking to go above 111 next week!

 

[arigoldman]

Got in and got out, the US mess could expand and people could flock to JPY instead of USD.