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USD/JPY Targets Brexit Highs

fxsurprise8 Publié 31 aou comme Analyse sur USD/JPY, Cible: 106.71, Date: 3 de octobre, 12:00 GMT  dans #Technical analysis #USD #Trend #USD/JPY #Boj #Japanese Yen #Bounce #Jackson Hole #JPY Crosses #Brexit
The USD/JPY is finally trending up after a long bear market. After some Dollar positive comments at Jackson Hole the pair got a lift. We’re now trading 336 pips higher from the lows marked on August 26th.
Where can we look for a potential target? The average monthly range in this pair has been 520 pips. But that’s low to high, not open to close. A more conservative target would be in the 300 pips range.
On our chart above we see a level that qualifies. The pre-Brexit highs at 106.80 are importa…
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Pointless Volatility in the Yen

fxsurprise8 Publié 31 juillet comme Analyse sur EUR/JPY, Cible: 114.30, Date: 1 de septembre, 12:00 GMT  dans #Technical analysis #EUR #JPY #EUR/JPY #Japan #Volatility #Boj #Japanese Yen #Brexit
The EUR/JPY experienced massive volatility during the past 2 months. First Brexit then the highly anticipated July BOJ meeting ricked prices up/down. Perhaps surprisingly however, we're currently quoted right above the 50% Fib retracement of the most recent high/low.
This to me signals that the market is undecided here.The 50% Fib at 113.97 and the 114 round figure should support prices.But the weekly trend is strongly down as can be seen on the chart below. Meanwhile the daily and 4H are more m…
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fxsurprise8 31 aou

With a monthly high to low range of only 260 pips and a open to close move of 65 pips, my forecast is proving to be correct.

We're now quoted at 114.91 so overshooting my target by a bit. But I think that the closeness of the major round level at 115.00 and the 38% Fib at 115.03 (see pic 1 above) will put a lid on prices, at least in the short-term.

And like I mentioned in my original post, on the other end the 50% Fib at 113.97 and the 114 round figure should support prices.

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Potential Reversal in the EUR/JPY

fxsurprise8 Publié 31 oct comme Analyse sur EUR/JPY, Cible: 132.7400, Date: 1 de décembre, 12:00 GMT  dans #Technical analysis #JPY #Ecb #Euro #EUR/JPY #Boj #Japanese Yen #Range Bound #Range Trading
The EUR/JPY fell by a substantial 120 pips in October. But this was mainly due to increased QE by the ECB and no new QE by the Bank of Japan. These fundamental factors will likely change as these two Central Banks compete in who can ease more. On the technical front, the pair bounce of the 132.21 support level. We are currently quoted over 50 pips higher at 132.70.
Since our downside is capped, why not up? Well as we can see on the Weekly chart below the pair has been trading in a range since Ma…
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The Week Ahead

fxsurprise8 Publier 16 nov  dans #Trader's blog #Boj #Bank Of Japan #Japanese Yen
It's the start of the new week. Here are some of the more important news events I will be following in the next five days.
Monday: ECB President Draghi Speech 15:00 CET
Tuesday: German ZEW Economic Sentiment 11:00 CET
Wednesday: Monetary Policy Statement + BOJ Press Conference (no set time but usually around 5 AM CET, press around 8 AM CET)
Thursday: German Flash Manufacturing PMI 9:30 CET
As you can see, my focus will be on the Euro and the Yen. I will make sure I'm up for the Bank of Japan mee…
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Great Start and a Jump to Number Four!

fxsurprise8 Mis à jour 4 nov  dans #Trader's blog #Yen #Japan #USD/JPY #Boj #Start
It's been a great start of the contest for me. As I said in my previous blog post, I expected the yen selling to continue so I positioned myself accordingly. Near the end of the day, I closed by GBP/JPY long with a profit of +120 pips and my USD/JPY long with a profit of +90 pips. Unfortunately for my third pair I picked the AUD/JPY, which didn't move much so I had to close it at a small 3 pips loss.
Had I chosen the EUR/JPY, I would be up another 60 pips and near number one instead of the curre…
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Betting on Futher Yen Weakness

fxsurprise8 Publier 2 nov  dans #Trader's blog #Yen #Japan #USD/JPY #Boj
Friday was a bad day for the Japanese Yen. The currency got sold across the board as the Bank of Japan announced new easing steps. The Bank raised its bond buying program from 70 to 80 trillion and trippled its ETF buying to 3 trillion yen.
The Yen lost over 300 pips against the US Dollar and the Euro and close to 500 pips against the Pound. I expect the selling to continue going forward on Monday. I will be looking to enter on the long side in USD/JPY and EUR/JPY. It's a new month, good luck ev…
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2 Commentaires
VictoriaVika avatar
VictoriaVika 3 nov

Best of luck :)

peachynicnic avatar
peachynicnic 4 nov

JPY  drops drops drops wow !! Time to go shopping in Japan :)

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Yen Pairs Fall as BOJ Unexpectedly Announces New Easing

fxsurprise8 Publier 31 oct  dans #Trader's blog #Yen #Japan #Boj #Qe #Easing
The yen got sold across the board as the Bank of Japan announced new easing steps. With a vote of 5-4 the Bank raised its bond buying program from 70 to 80 trillion. The BOJ also trippled its ETF buying to 3 trillion yen. The move was unexpected and it's no wonder the result is a massive selloff in the yen pairs.
I managed to take a small slice of the move, +36 pips on the GBP/JPY, +22 on the USD/JPY, +21 pips on the EUR?/JPY and +32 on the AUD/JPY. I also took some small GBP/JPY scalps that end…
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