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Where is Usd/jpy going?

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Jun 15, 2013 07:57 am

Messaggi: 939
Member since: 21/04/2011

In my opinion, it will continue to come down towards 90 level before any major upward move.

I am expecting 90 next week

Stick to your rules

Jun 16, 2013 08:55 am
ironical User

Messaggi: 734
Member since: 22/04/2011

Originally posted by uniquetrader

In my opinion, it will continue to come down towards 90 level before any major upward move.

I am expecting 90 next week



U.S data in next week will be very important in defining direction. Technically I agree with you but it all depends on if u.s data is weaker or stronger. If weaker then yes, it will touch 90 but if not then it will remain bullish.

The good or ill of a man lies within his own will. – Epictetus

Jun 17, 2013 05:20 pm
Sasha User

Messaggi: 836
Member since: 16/05/2011

Usd gained strength today against jpy. I think it was corrective move as the pair fell quickly on friday. I am expecting bears tomorrow.

Jun 18, 2013 04:24 am
Champ User

Messaggi: 711
Member since: 17/05/2011

Originally posted by Sasha

Usd gained strength today against jpy. I think it was corrective move as the pair fell quickly on friday. I am expecting bears tomorrow.



It depends on U.S data today. If it came better than expected then no more bears. Usd will show strong upward move then. But if u.s data is weaker than expected than it usd/jpy will go down.

So I am currently on hold and waiting for data release.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Jun 19, 2013 06:38 am
Sasha User

Messaggi: 836
Member since: 16/05/2011

Originally posted by Champ

 

Originally posted by Sasha

 

Usd gained strength today against jpy. I think it was corrective move as the pair fell quickly on friday. I am expecting bears tomorrow.

 



 

It depends on U.S data today. If it came better than expected then no more bears. Usd will show strong upward move then. But if u.s data is weaker than expected than it usd/jpy will go down.

So I am currently on hold and waiting for data release.

 



I agree. Usd/jpy is range-bound since 13-june. This range-bound movement is expected to end after bernarke's speech.

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