USD/JPY Levels

Discussion in 'Forex' started by DannyBly1, Jun 16, 2008.

  1. Looking at the USD/JPY daily chart we can see a nice channel guiding price upwards:


    Price currently trading around the pivot, contained within S1 and R1:


    Ichimoku chart looks bullish -trading above the Kumo and following the bullish Tenkan/Kijun crossover:

  2. notice the crossovers... risk/reward...

    <a href=""><img src="" width="1919" height="1089" border="0" /></a>
  3. Midterm bullish, yes. But I expect a fall to 107 this week. Current is 108.10.

    PS. Guys, are u apt @ cuttin photos u unsert?! Too big for my screen.
  4. support around 102.10
  5. cstfx


    Took a short here at 107.40 looking to break 107 for a pullback possibly to 106.7 intraday
  6. LoL @ Carry Trade determining fate of US Economy or Vice-Versa.
  7. To the OP:

    Though your charting was sound, I'm sure, your analysis was incorrect. You always have to weigh fundamentals against any technical analysis.