USDJPY - Looking to buy today

Forexprosignals

ForexProSignals.net Representative
Messages
9
I don't think the price will fall in a straight line, but until now there's no directly reversal sign.

If weekly close below 101.4, it will be the first bearish sign.

140710_112206_CQG_Integrated_Client_Chart_IUSDJPY_-_Japan_(Yen)_Index_Weekly.png
 

shogunfx

Sergeant
Messages
260
I don't know, I don't trade on large TF's, my account is too small, but as long as JPY(yellow line) continue to drop no need to worry. US session opened today with that climax selling and then buying from dips. There are still 3 hours till close. We'll see how things develops during Asian Session and tomorrow during European session. USD is now the strongest currency(green line).

strenght meter2.png
 

Forexprosignals

ForexProSignals.net Representative
Messages
9
Now resistance is 101.4, 101.77, 101.90/97. support is 101.21, 100.84/75/60.

I also not trade on such a long timeframe, just as reference.

Good Luck!
 

ahmer

Recruit
Messages
147
No offense, Guys please stop posting you technical analysis here. Jarratt is not looking to buy USDJPY for now.
For you reference JPY is booming fundamentally.
 

shogunfx

Sergeant
Messages
260
No offense, Guys please stop posting you technical analysis here. Jarratt is not looking to buy USDJPY for now.
For you reference JPY is booming fundamentally.

And you are his advocate ?
It's a public forum and as long as we are on topic what's the problem ?
 

dolzsan

Private, 1st Class
Messages
31
No offense, Guys please stop posting you technical analysis here. Jarratt is not looking to buy USDJPY for now.
For you reference JPY is booming fundamentally.

Since you brought it up, could you be so kind as to share your view on JPY strength? I really don't understand such a dramatic drop of USD/JPY from a fundamental standpoint.
 
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