Usd/jpy

There is a bearish trend developing on USD/JPY pair.



From my BLOG
Planning short term bounce in USDJPY
On the 30min chart, usdjpy is 400 half hour periods away from the 200sma which is very overextended. I’m looking for a short term bounce, but very aware of how strong this trend is, so reduced trade size is in order. If I get a half hour close above the recent resistance at 108.33, I’m looking to buy with a stop bellow the middle bollinger band, looking for 109.00.

I expect the price to grow up to 107,67 level approximately. Around this level have set the take profit order.


UJ looks like there’s a certain chance it will short after it reach price R/S level 107.67 or long approaching 107.67

I can see two scenarios here – the basic (1) and alternative (2).


I’m buying USD/JPY until the 109,44 mark. After that, I close the deal and look for a new approach.



Well, the asset moves as I’ve predicted. I think that I can earn even more on USD/JPY! Definitely, the show must go on =)

I suppose that the price will turn after reaching the 103,49 level.

Well, the asset moves as I’ve predicted. I think that I can earn even more on EUR/USD! Definitely, the show must go on =)

right again, continuation down again, after a little pullback.

I think that the USD/JPY asset would renew its minimum.

I think that the price will reach106,7 level. After that, the price will gо to the level of 105,3 or further.

Well, the asset moves as I’ve predicted. I think that I can earn even more on USD/JPY! Definitely, the show must go on =)

I can see two scenarios here – the basic (1) and alternative (2).

I think that the USDJPY asset would renew its minimum.

I think that usdjpy asset will go down.

Well, the asset moves as I’ve predicted. I think that I can earn even more on USD/JPY! Definitely, the show must go on =)

I’m buying USD/JPY until the 103.72 mark. After that, I close the deal and look for a new approach.

I can see two scenarios here – the basic (1) and alternative (2).

There is a bullish trend developing on USD/JPY pair.