On the Ichimoku’s Weekly Chart, USD/JPY is breaking out of the kumo resistance.
Given this is a Weekly Chart, a breakout above it could mean a 2 year move.
The last time the USD/JPY breakdown from the Weekly kumo support is back in 2007.
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JPY 01 (May 08 - Oct 11)
Re: Japanese Yen
by iam802 » Tue May 04, 2010 10:16 am
USD/JPY
On the Ichimoku’s Weekly Chart, USD/JPY is breaking out of the kumo resistance.
Given this is a Weekly Chart, a breakout above it could mean a 2 year move.
The last time the USD/JPY breakdown from the Weekly kumo support is back in 2007.
On the Ichimoku’s Weekly Chart, USD/JPY is breaking out of the kumo resistance.
Given this is a Weekly Chart, a breakout above it could mean a 2 year move.
The last time the USD/JPY breakdown from the Weekly kumo support is back in 2007.
1. Always wait for the setup. NO SETUP; NO TRADE
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: Japanese Yen
by kennynah » Tue May 04, 2010 10:19 am
yesterday broke out...today, continue in direction of breakout
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Re: Japanese Yen
by iam802 » Thu May 20, 2010 11:12 pm
Yen is up.
I assume that is due to carry trade unwinding elsewhere.
That may explain all the Aussie going down, SGD gyrating etc.
I assume that is due to carry trade unwinding elsewhere.
That may explain all the Aussie going down, SGD gyrating etc.
1. Always wait for the setup. NO SETUP; NO TRADE
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: Japanese Yen
by kennynah » Thu May 20, 2010 11:17 pm
i think it was more the gdp surprise this round....
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Re: Japanese Yen
by kennynah » Fri May 21, 2010 12:21 am
A Review of USD/JPY pair
usd/jpy now trades at ~89.90...few months ago, in Nov2009, it was 84.79 at its strongest against the dollar...
noteworthy, the only other time that usd/jpy went below 85, was 15 years ago in 1995....at 79.95
from a monthly chart, i can see that usd/jpy is poised to head higher as it has broken out of a very long term downward channel resistance...this happened in Mar2010, when usd/jpy pair traded above 90.50....
this month, it weakened to 88.06, which incidentally coincided with that downward trend line that now serves as a strong support...
in brief... Long Swing/Position play for usd/jpy.....with target at 94 within 1-2 months...
your thoughts, please... thanks...
usd/jpy now trades at ~89.90...few months ago, in Nov2009, it was 84.79 at its strongest against the dollar...
noteworthy, the only other time that usd/jpy went below 85, was 15 years ago in 1995....at 79.95
from a monthly chart, i can see that usd/jpy is poised to head higher as it has broken out of a very long term downward channel resistance...this happened in Mar2010, when usd/jpy pair traded above 90.50....
this month, it weakened to 88.06, which incidentally coincided with that downward trend line that now serves as a strong support...
in brief... Long Swing/Position play for usd/jpy.....with target at 94 within 1-2 months...
your thoughts, please... thanks...
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: Japanese Yen
by iam802 » Fri May 21, 2010 12:29 am
kennynah wrote:A Review of USD/JPY pair
usd/jpy now trades at ~89.90...few months ago, in Nov2009, it was 84.79 at its strongest against the dollar...
noteworthy, the only other time that usd/jpy went below 85, was 15 years ago in 1995....at 79.95
from a monthly chart, i can see that usd/jpy is poised to head higher as it has broken out of a very long term downward channel resistance...this happened in Mar2010, when usd/jpy pair traded above 90.50....
this month, it weakened to 88.06, which incidentally coincided with that downward trend line that now serves as a strong support...
in brief... Long Swing/Position play for usd/jpy.....with target at 94 within 1-2 months...
your thoughts, please... thanks...
Daily Chart:
Resistance 1 at 90.5
Resistance 2 at 91.44
Monthly Chart
You are right that there is possible support at 85 with a target resistance at 94.
Having said the above, my bet is that support at 85 may not hold. (<< gut feel)
1. Always wait for the setup. NO SETUP; NO TRADE
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: Japanese Yen
by winston » Mon Aug 23, 2010 6:56 am
TOL:-
There's a rumor that the program to weaken the Yen would cost about US$19.8b. That sounds like a very small amount. Not a "shock & awe" amount
Is that enough to go against the currency traders ?
If not, then the Yen will continue to go up and the Japanese market will continue to fall.
Or is the US$19.8b only the first salvo and when you take a contrarian position, they will then whack you, probably with the help from the US Feds ?
There's a rumor that the program to weaken the Yen would cost about US$19.8b. That sounds like a very small amount. Not a "shock & awe" amount
Is that enough to go against the currency traders ?If not, then the Yen will continue to go up and the Japanese market will continue to fall.
Or is the US$19.8b only the first salvo and when you take a contrarian position, they will then whack you, probably with the help from the US Feds ?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Japanese Yen
by winston » Mon Aug 23, 2010 8:40 am
And if you go back to previous postings on this topic, you will recall a lot of American "experts" asking you to short the Yen because of the high Japanese government debts, their Demographic situation, the lost two decades etc..
Listen to these "experts" at your own risk
Listen to these "experts" at your own risk
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Japanese Yen
by kennynah » Mon Aug 23, 2010 11:45 am
0.01175 is my magic figure.... that'll be my signal to go Short...
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Re: Japanese Yen
by kennynah » Tue Aug 24, 2010 7:44 pm
jpy seems to have broken out of a resistance.... and making new high....
i no dare to go against the grain for now....very tempted though....
i no dare to go against the grain for now....very tempted though....
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