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USD/JPY
Member Since Oct 02, 2014
909 posts
Member Since Dec 20, 2016
11 posts
Jan 31, 2017 at 08:01
Member Since Apr 09, 2016
421 posts
The dollar fell against the yen on Tuesday, as the Japanese currency was in demand due to the status of safe investment, while risk appetite has deteriorated against the backdrop of perseverance US president Donald Trump of his ban on the entry of migrants. By 6.22 GMT the dollar slipped by 0.3 percent to 113.42 yen.
Jan 31, 2017 at 12:15
Member Since Nov 16, 2015
708 posts
The dollar lost significant ground against the yen on Monday. The US currency broke a two-day winning series and returned to the levels of early last week. Key values were drilled, but short-term expectations remain in favor of the dollar. In this case the support at 112.44 is threatened. The session started at 114.70, and the final was 94 pips higher. The trend has bearish character all the time, bottom of the day was struck at 113.45.
Jan 31, 2017 at 13:03
Member Since Apr 09, 2016
421 posts
Dollar/yen made downward momentum yesterday, bottomed at 113.23 during the Asian session today. Short-term expectations are neutral, but as long as price remains below 115.60 I still prefer a bearish scenario at this phase with targets near 111.30. Immediate support is 113.50 whose breakthrough could lead to further pressure testing 112.50 or lower. On the upside, first resistance at 114.25 whose breakthrough could lead price to neutral zone testing 115.00/60.
Member Since Jul 27, 2016
21 posts
Feb 01, 2017 at 08:45
(edited Feb 01, 2017 at 08:50)
Member Since Nov 14, 2015
325 posts
All about the policy statement. If they see the inflation and labor conditions are still good, something that increases the chance for a rate hike in March (most likely), if the statement does not include anything like that, the dollar will likely drop some. I'm casually dollar positive
Member Since Jul 27, 2016
21 posts
Member Since Jul 27, 2016
21 posts
Member Since Jul 27, 2016
21 posts
Member Since Jul 27, 2016
21 posts
Feb 02, 2017 at 12:56
Member Since Jul 27, 2016
21 posts
Based on Fibonacci Retracement if UJ breaks 112.47 in D1, then the next support will be at 110.
I have two position's open in UJ one at 115 and 113.
I have an exit strategy based on Wave theory.
What will be the exit strategy with the minimum loss according to you for this trade?
I have two position's open in UJ one at 115 and 113.
I have an exit strategy based on Wave theory.
What will be the exit strategy with the minimum loss according to you for this trade?
Re-Writing The Art Of Trading
Member Since Dec 20, 2016
11 posts
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