Australian (ASX) Stock Market Forum

I was driving at the time but my EA caught the move on two pairs.

Most pairs are 'algo busy' and very jumpy.

Looking forward to see what comes from Kuroda, we may see some great opportunities.:)
 
Wasn't quite as many opportunities as I wanted, algos were making a mess of Kuroda's decision, I can't see there being much of a fade at least in USDJPY.

As we were before the news event again targeting parity and beyond!
 
USD/JPY Price Technical Analysis Forecast
usd jpy price action: In the bigger picture, price actions from high are seen as a corrective pattern – for those of you, who stay in positions, the direction now is mixed up with the momentum, you should pay attention to the upper side – 114.60 +_ and 109-109 those levels are extremely vulnerability
In the short term, we can see the corrective move from the lows, as long as usdjpy will stay above 114.60 the direction is up, while in the middle we have 110.90 109.30 108.20 106.20-70 104.80-105.30
Strong support at 101.80
2017-02-27_0-27-02.png
 
USD/JPY Price Technical Analysis Forecast
usd jpy price action: In the bigger picture, price actions from high are seen as a corrective pattern – for those of you, who stay in positions, the direction now is mixed up with the momentum, you should pay attention to the upper side – 114.60 +_ and 109-109 those levels are extremely vulnerability
In the short term, we can see the corrective move from the lows, as long as usdjpy will stay above 114.60 the direction is up, while in the middle we have 110.90 109.30 108.20 106.20-70 104.80-105.30
Strong support at 101.80
View attachment 70106
Can you explain to me in more detail, I don't understand.
 
USDJPY long: Sorry for this late post, but as you'll notice, the markets have moved due to the remarks by new Fed Chair Powell.

This USDJPY long was the best setup of these four according to my 4H trend rules. The 4H trend on UJ was up and there was a good BO level to go long.
UJ Bought at 107.11, iSL at 106.80 (31p).
UJ Sold at 107.58 at +1.5R as these price spikes on "remarks" can be short lived.

There was a good short on the GBP but I was out when that triggered.
Gold short was tempting but the trend was unclear.
pic36.PNG
 
USDJPY THESE TYPES OF 110.76 GEOPOLITIC NEWS PRESSURE


The USDJPY pair turned weaker after briefly strengthening early in the Asian session, on the weekend, Friday (3/22/2019). Negative news about global geopolitics weighed on risk assets and made investors divert funds to the Japanese yen as a safe haven currency.

USDJPY is trading at 110.76, down 2 pips from the overnight close, even though the pair had touched the highest level of 110.88.

A new wave of risk aversion is gripping the Asian market amid the latest US-North Korea problems. The US tightened sanctions to North Korea after the failed Trump-Kim Jong un agreement in Vietnam. Two Chinese companies are penalized for doing business with North Korea.

While other news that boosted safe-haven sentiment was China reportedly wearing an anti-dumping policy on several products from the European Union (EU), Japan, South Korea and Indonesia, causing higher yields on US Treasury.

In the US session later tonight, market attention turned to Markit manufacturing reports and the service sector PMI, existing home sales, and wholesale inventories, for market drivers.
 
We might see a gradual push back to the gaps through the coming weeks, maybe even days.

usdjpy.png
 
USDJPY Wyckoff building on the 1 minute chart.

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Yeah mate, a little lower than I'd like as I was setting up my trading evaluation account. Whoops! Here is the entry:

7CG0Z9DH
 
USD/JPY is gaining after the latest round of data showed improved consumer confidence in the US.

We published an article on the pair earlier today as a breakout towards the 5-year high looks like it could be on the cards.
 
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