Comments on: USD/JPY: False break above 81.50; market showing more signs of weakness

By: Sean Lee

Sean Lee — Mon, 19 Nov 2012 05:39:50 +0000

Waxing lyrical today Dok 🙂

By: dokterriza

dokterriza — Mon, 19 Nov 2012 04:50:23 +0000

i wish for it to reach around 78, if 38.2 gives way, so i can buy against 2011 low. i am still short EUR/JPY & AUD/JPY, i am a swing trader but can’t help from being worried seeing JPY weakness

last time price moves very fast in February to March and after that relentlessly falling like leaves falling from the trees in sunny autumn 🙂

By: Sean Lee

Sean Lee — Mon, 19 Nov 2012 04:25:34 +0000

I’ve got my bids primed at 8050 and 8030 Asad so I hope you’re right 🙂

By: Asad

Asad — Mon, 19 Nov 2012 04:22:46 +0000

I am hoping to hear soon post action analysis that yen crosses (GBPJPY, EURJPY) fell for some blah blah reasons…

from these levels…
🙂

By: Asad

Asad — Mon, 19 Nov 2012 04:17:52 +0000

I am expecting a fall from these levels to 80.00 / fib 38% , before a leg up

By: Asad

Asad — Mon, 19 Nov 2012 04:15:56 +0000

and I am watching closely usd “Index” which is over bought and jpy “Index” which is over sold, on 4 H charts.(both separately )

On daily charts, both indexes have pretty much similar picture as abaove, with JPY index is at the bottom of falling wedge.

I am short since Friday with an open TP target.. lets see

By: Sean Lee

Sean Lee — Mon, 19 Nov 2012 03:36:05 +0000

Cheers Dok, I still favour buy 8030/50ish for now but my recent record on $yen isn’t great 🙁

By: dokterriza

dokterriza — Mon, 19 Nov 2012 02:59:01 +0000

Sean, price being rejected at 61.8% retracement drops from 84.17/77.12. I am looking for much weakness after weeks of dangerous play in USD/JPY

i hate to see fundamentals being ignored, many of US datas are weakening and risk still on 🙁