Jpy

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

OK!!!

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?

Thanks!