Discussion in 'Forex Trading' started by T-Bone Trader, May 13, 2009.
I don't see any MA support for the yen any of my charts...
Possibility of 94.00 area?
Looks like 107 and then maybe 109ish
I mean't 94.00 level this week...
107 might happen in a few months...Good luck with that trade..lol
put it in daily chart in one year; you can see a head and two shoulders; good luck.
I think you are talking USD/JPY.
I'm talking Yen futures
your 94 is my 106
almost hit 106 this evening.
107 by tommorow if equities keep fallin
Oh - my bad.....good analysis )
futures/forex, specifically in the Yen is confusing because of this.
it's hard enough to imagine...
1 Yen = 0.010438 U.S. dollars
Good luck out there...strong reversal this AM and not sure what it means. Need a close above 1.0470 to maintain bullishness in Yen. I guess that's 95.30 in the Forex world
I'd expect Yen weakness to be a bit more pronounced given strength in equities today. Obviously, one does not believe in the other, and correlation seems to have temporarily parted ways.
Like I've said before, I'm a beginner at technical analysis.
Would the attached chart suggest that the USDJPY might see an upward trend due to divergence?
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