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by Ashraf Laidi
Posted: Jul 20, 2009 11:24
Comments: 42
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This thread was started in response to the Hot-Chart:

USDJPY Channel Intact

 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 11, 2009 15:37
raj, you may have to wait a while for that 9350 in usdjpy butbetter to book profits at 95.Also NZUDSD Daily bearish engulfing could show 0.66 on the way.

Ashraf
14raj
Kolkata, India
Posts: 210
15 years ago
Aug 11, 2009 15:31
Ashraf,
I booked my NZDJPY short at 6400 (initiated at 6540) but still holding USDJPY short which is at 9650.Can i expect 9350 within coming days?
Regards,
Rajib.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 10, 2009 21:11
Cappy, you mean USDJPY loses NOT gains. yes, it's all based on the Japanese repatriation ahead of first half fiscal year on Sep 30. i rill see 96.80 and 95.80 later in week. but bettet to buy JPY vs CAD, GBP

Ashraf
Cappy
United States
Posts: 19
15 years ago
Aug 10, 2009 21:07
Hi Ashraft,

Do you think USD/JPY will hit 96.80 today?

Did you know seasonal that USD/JPY gains 320 pips in August and will often erase the gains made in July? August tends to be the strongest month for the Japanese Yen across the board. In other words, other currencies such as US dollar, Euro, and British Pound have a stong tendency to fall against the yen in August. GBP/JPY drops 600 pips and EUR/JPY drops 300 pips.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 9, 2009 22:15
Steven, Dima, I will put up a USDJP poll. How far do both think it could up?

Ashraf
forextrader
vologda, Russia
Posts: 127
15 years ago
Aug 8, 2009 10:47
Hi Steven
If USD/JAP closes Monday above 97, then usd/jap has broken the declining trend line from 6th of Aprial, also it will cross above 200/100/50 day moving average. Very bullish.

Dima
Steven Blyth
London, UK
Posts: 148
15 years ago
Aug 7, 2009 21:03
I'd like to take a poll on where everybody thinks USD/JPY will be end of August!
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 7, 2009 18:44
Jim, yes indeed, Ive added a new HOTCHART. USDJPY finally breaks 96.20, now facing resistance at 97.70, followed by 98.35.

EO, 97.60 is 61.8% retracement. For Asian Monday and then consider initiating shorts at those levels

Ashraf
EO
Singapore, Singapore
Posts: 4
15 years ago
Aug 7, 2009 18:18
Hi Ashraf,

Is it wise to have new USDJPY short at this level?

Thanks.
jim W
California, United States
Posts: 3
15 years ago
Aug 7, 2009 18:04
Ashraf, Strange you still post this channel intact. Probably an oversight. I always felt the band was too
wide to be of use especially since it has shown an upward bias since early July albeit pretty much sideways. I do salute you for your call of the top of the USD at 89.6 and the bottom of NOK at 7.27.
Would that I had heeded those now fateful tuning points.

All the best to you, Jim
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