Where is Usd/jpy going?
Usd/jpy has already touched heights which were expected. Technically there is very high pressure on pair to reverse. In my opinion it wont go much up now and reversal will start soon.
What do u think guys? Do u favor sell from current point?
Yes I am in favor of bearish trend but, instead of going downwards, it may start consolidating at current level so I wont favor entry. I am currently waiting for something big in favor of bearish trend.
The good or ill of a man lies within his own will. – Epictetus
Originally posted by ironicalYes I am in favor of bearish trend but, instead of going downwards, it may start consolidating at current level so I wont favor entry. I am currently waiting for something big in favor of bearish trend.
I think Monday's Fed speech will not let usd/jpy consildate at current level. Either it will be slightly bullish or strongly bearish.
Usd/jpy was strongly bearish today. Almost all Pros were expecting bearish trend. It has touched 102.07 and then moved back to 102.88. Now it is moving downwards but slowly. Support lies near 101.83.
Monday's fall is mostly recovered today. We saw strong bullish movement after 00:00gmt which took it to 102.77 from 102.16 in around 1 hour. Around half an hour ago, strong bearish trend is seen after fed speech.
I am expecting usd to strengthen. At the same time, technically, usd/jpy is expected to fall. I wonder what will happen to this pair after strong US data.
Seems like the pair is still not yet show the trend. the daily chart still show the raise chance and the japan still doing deflation. need something bigger to push it down or nfp to raise it up again.
Originally posted by sekiryuteiSeems like the pair is still not yet show the trend. the daily chart still show the raise chance and the japan still doing deflation. need something bigger to push it down or nfp to raise it up again.
I do not agree. Pair has shown significant bearish trend in last few days that is why pair is now trading below 100.
The good or ill of a man lies within his own will. – Epictetus
Usd/jpy is moving strongly upwards and expected to go near major resistance level of 99.46. U.S jobs data impact is still there I think.
Sure I am in support of bearish craze yet, rather then intending downwards, it may start bringing together on current degree and so i wont favour access. I am currently waiting for one thing large in support of bearish craze.
Originally posted by pabonbd10I am currently waiting for one thing large in support of bearish craze.
Which thing? Any fundamental? or is there any important technical support coming?