Be assured they'll blow the stops at 9000 before any meaningful retrace. Only a handful of pips away. Looking for 105 to break on A/J as well. I'm surprised by the under performance of USD/JPY today, especially given the strength on the high yielders..
New Week, New setups Ok, here we are new week. Early today Aussie hit new high at 9036 and then promptly retreated for a little profit taking. So, think this is a short term sell, gone short @ 8930 for a run toward 8875. If fails @ 8900, then reverse for a run back to Friday's highs
Wherever it goes, you have an awful short entry imo. I am wondering what timeframe you are looking at.
Daily. Trade reversed at 40 when it failed to push past 8915 (8910-8915 was Fib 50% retrenchment from high (9036) on the recent hourly's going back one week with 61% back at 8885) Having failed that, longs in play for back to Friday's highs.
Anyway... I think right now (0.8988) it's the time to try a short, if you are still bearish. Low-risk, with stop just above .9010 However, support should still come in at around .8935-.8950... No way to tell if it will hold or not.
Man, this is like watching paint dry. Currently flat waiting next setup. Looking at kiwi for a move down if it challenges 7660 again.
You're telling me. Not just for the Aussie pairs, but kiwi and the yen as well. I'm hoping for a surprise rate increase by the BOJ tonight to stir things up, but it's not likely to happen..