US Dollar vs Japanese Yen D1 Live Forex Chart
USDJPY,D1 Chart By CESTRADES
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Proof that speculation is what it is. Real data, real moves the only proof. Market re-acted will massive sell-off, then re-tr acted to begin a stint upward. Traders want the dollar to perform. Is it the Fed confidence of more money prints or that the economy is secretly getting better slowly?? Days will tell the proof. I'm sidelined for a while except my position EUR/AUD
A sig dollar correction as predicted, trades went well, although a human/PC glitch; I wanted more leverage, but didn't type properly in a hurry... more lots, that always blows, It went as thought. The next few days will map a direction for the USD with many different data ricks involved and the economy...wait and see on this. The AUD is better predicted...
May be wrong, but a correction in the dollar for profits and eco data ear;y 2014, then another surge if data supports
Looks like its running out of steam, obv news will be the mover, FOMC and others, I went long AUD simply cause, with a tight stop, this depends on JPY more so right now, I would hold this off for now..IMHO
What do u think here ? still buy ?
It finally Happened! The big Sell off, after getting stopped out for a 49 npip loss, got back in and got the plug...one the top 5 best trades I ever made..
Looking for a huge sell-off USD/JPY sometime, soon I would think, as nothing lasts forever. The USD has had an impressive long run and next weeks Japan events could reverse the process. "Could key word, but at some point, the market does correct. When so; I look for supports at: 102.48-101.68-100.64. 5-20 week will be a moving week one way or another for the pair.
If you shorted the yen this past week, you did great! I did as well, on the live account, I was able to snag 50+ pips in the last 1 hour of trading! @99.516, I first thought it would head higher to the 100 mark, but stayed short and glad I did. Hope the week went well. Have a great weekend all!