Comments on: USD/JPY technicals: Just a normal retrace?

By: Sean Lee

Sean Lee — Tue, 08 Jan 2013 03:28:44 +0000

And its only 42 degrees in Sydney today, and still rising!! Not good for the Irish blood!

By: Sean Lee

Sean Lee — Tue, 08 Jan 2013 03:22:21 +0000

I’ve been a good patient boy so far Zach 🙂

By: Zach Nester

Zach Nester — Tue, 08 Jan 2013 02:52:50 +0000

Oh, and I forgot, EUR/JPY is also still under the 260-week SMA, oscillating around the 200 still

By: Zach Nester

Zach Nester — Tue, 08 Jan 2013 02:47:42 +0000

But if this pull back is for real, this will just give smart money better entrances for their shorts, one really has to be careful right here.

By: Zach Nester

Zach Nester — Tue, 08 Jan 2013 02:46:43 +0000

Yeah I agree Daniel, this could be all the market needs to start a whole new hike upwards.

By: Daniel

Daniel — Tue, 08 Jan 2013 02:39:10 +0000

hmmm considering to go long if eur jpy pulls back a bit this is strong news imho

By: Daniel

Daniel — Tue, 08 Jan 2013 02:32:32 +0000

more fireworks from Abe.. glad i closed all shorts b4 lol

By: Zach Nester

Zach Nester — Tue, 08 Jan 2013 02:25:06 +0000

Hey Sean, how are you doing with your resolution to stick to waiting for the levels you pick? I’ve slipped a few times and I’ve gotten pretty heated at myself for it, lol. I thought it might be worth pointing out that USD/JPY has been kept under the 260-week MA that I brought up concerning cable a little while ago. I think it is the only major yen pair that it still under that MA as well. Last week it was around 88.70, this week I think it is in the low 88.60’s.