Ujlong
UJ - USD JAPANESE ON THE RISEAll to do with USDollars - lots going on and all pressure on Dollar looks positive as numerous news weighing in. We cash out on the south run as TP hit, and we re-instate long position with TP @ 114.931
USDJPY LONG IDEAUSDJPY has been falling since last December.
I anticipate that the correction wave will end at 107.300-106.040 area.
Around 107.300-200 is particularly important support.
After the correction wave, I think that a rising wave will continue.
Fundamentals haven't changed - in fact they've got better!Fundamentally, looking at global equities, data from the US, Fedspeak and Yellen's comments, USD should be trading much higher.
Why isn't it?
1) JPY-positive flows before the end of the Japanese fiscal year
2) 'Uncertainty' of the Trump administration
3) Profit taking at 115.00 - including option defending and strong sell interest
However, I view this as an excellent opportunity to get long USD against JPY and EUR - as yield differentials, dollar shortage and border-adjustment tax will likely resume the dollar uptrend.
Furthermore, Kuroda continues to welcome a lower yen. QQE with strong yield curve control continues in Japan.
USDJPY POTENTIALLY LONG & SHORT OPPOTUNUTY2 scenarios:
1. a big bearish candle will be printed next week, Short
2. Markt goes above resistance,Long
USDJPY Long (weekly analysis) 17 October 2016USDJPY weekly analysis 17 october 2016, long position .
Long position : 102.03
Stop loss : 100.66 (137 pips)
Take profit : 106.45 (442pips)
R/r Ratio = 1 : 3.22
HERE COMES UJ THE BULLUSDJPY has been in south range scenario over the most recent couple of months as it struggled with going underneath the equality level ( parity level:)
The USDJPY has pushed above trend line resistance just yesterday @ 102.0 level which equals to more bullish possibility. Hang on tight 'cos higher we go!
UJ' TIME TO SHOW OFF Continuation : UJ did not break the 110. 7 height & took Us short - now the second attempt reversal to break the 110.7 is now cooked & ready for shop from 109.169 - I yelled this morning saying : Let's go back up!! :) FX is so much fun
Enjoy!
UJ' TIME TO SHOW OFF It's a Fantabulous Friday for UJ - taking it to the next level - here comes 111 ;) (111 will should hit within the next 2 hours.
Happy weekend y'all
