USDJPY may be forming a cycle bottom at 84.72 level on daily chart. Key resistance is at the falling trend line, a clear break above the trend line...
USDJPY may be forming a cycle bottom at 84.72
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June 3, 2009
Hello all, MUCH movement on all pairs today which will be setting up many pairs with new Drop In entries in the coming hours. This is the time to be alert. If you have not yet signed up for the email/sms alerts this is a good time to go ahead and do so now. The USD/JPY H4 with the stop loss moved...
Explaining Danica v0.5 optimization choices
This report gives a more detailed discussion of the optimization trade-offs made for Danica, as compared to the initial announcement. At the same time, it establishes a reference point for future studies of past...
EURJPY buying
Seeing some decent EURJPY buying by various Japanese accounts over the last half hour pushing it back up thru 137.00 and towards yesterday’s highs. Look for 137.30-40 to initially ofer some resistance especially if USDJPY finds it tough to crack 97.60 and EURUSD offers lurking above...
FOREX-Dollar slips after gains made on US jobs data
By Kaori Kaneko TOKYO, June 8 (Reuters) - The dollar edged down against a basket of currencies on Monday after posting its largest one-day gain in more than ... See all stories on this...
Yen cross selling sees USDJPY back under 98.00
Selling of Yen crooses has weighed on the USDJPY sending it back below 98.00 and towards the first line of support at 97.80. There are some range traders on the bid here at 97.80. However Japanese traders are looking at 97.50 as the pivot point with the base of the ichimoku cloud coming in at...