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Yen strength overnight, but recovery looms

AdamFx42 Posted 20 Jan.  in #Trader's blog #USD/JPY #Recovery #Bounce #Yen Crosses #Testing Resistance Again
Usd/Jpy started to fall overnight from resistance around 200 SMA on hourly chart,
but halted just below 104 and recovered back to just under 30 SMA where it holds now
It looks like a small push up from here will break both 30 SMA, and 200 SMA,
and lead the pair up to retest 105 level again
The Yen crosses are in unison with Usd/Jpy as usual, and a chance to buy after last nights recovery is good
It could well be that some news, or positive US data could trigger a nice move up for Usd/Jpy,
and I …
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Pullback in USD/JPY - JPY crosses follow

AdamFx42 Posted 14 Jan.  in #Trader's blog #Yen Crosses #USD Back Up #Yesterday's Losses Wiped Out
Usd/Jpy has made up for yesterday's losses completely today, the pair bounced from 103,
and has recovered again and sits above 103.7 support again,
when Usd/Jpy hit 103, I started buying Jpy crosses,
and already had a position Gbp/Jpy long open
Usd/Jpy push back up and continuation above 103.5 was fuelled first by the bounce from 103,
and later on by some good economic news and some better figures,
and slightly hawkish statements from fed's Fisher, and Plosser
The yen crosses, like Gbp/Jpy, and …
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Majors and yen pairs still hurting today

AdamFx42 Posted 3 Jan.  in #Trader's blog #Majors #Selling #Bounce #Yen Crosses #Buying The Dips
The Yen crosses are still hurting today after falling further overnight
Usd/Jpy fell quite a bit overnight too
and the majors are struggling with their supports
Eur/Usd struggled with 1.363 support and I decided to buy there - but that support is broken now
(or so it seems) next support will lie around 1.352
I expect Usd/Jpy to bounce back a bit before falling to 103.6,
and the Yen crosses should follow that lead:
Eur/Jpy, and Gbp/Jpy showed some bounce from their initial supports today,
and I a…
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