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Yen pulls back

al_dcdemo Posted 7 Sep.  in #Trader's blog #Nfp #Support #Resistance #USD/JPY #H1 Chart #Us Holiday #Risk Trades
Risk trades bounced a bit overnight. USD/JPY managed to pull 80 pips from the intraday low and 100 pips from the Friday's (post-NFP) low. With US on holiday today, we may have to wait until tomorrow to get the whole picture.
Resistance is seen at 119.60 - 119.65 (High Of Day, post-NFP high, Thursday's low) and then at 119.90 - 120.00 (Trendline drawn off of August 19th/28th and September 3th highs, Daily Resistance 1, 00's). There's some support near 119.20 - 119.25 (Intraday pivot, Daily Pivot …
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Aussie makes new low for the year

al_dcdemo Updated 3 July  in #Trader's blog #AUD/USD #Retail Sales #Low Liquidity #H1 Chart #Chinese Stock Market #April Low #Us Holiday
Aussie fell overnight on a combination of weaker than expected Retail Sales report (0.3% vs. 0.5% expected and -0.1% previous) and a sell-off in Chinese stock market. The pair followed through in European session and just broke the low that was put in place in April. US are on holiday today and the breakout will likely not extend very far in this low liquidity environment.
April low (0.7533) is backed with Weekly Support 2 (0.7527) and Daily Support 3 (0.7527). Below that, 0.75 level shall offer…
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2 Comments
fxsurprise8 avatar
fxsurprise8 3 July

I rode it down for +62 pips

al_dcdemo avatar
al_dcdemo 4 July

Very well done!

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