Im not much of a Technical Analyst but 80 80.5 looks like a support level and fundamentally I think its unlikely to get below that.

USD/JPY Discussion

There was some fear generated again within the markets, although not over the top. So there were reports that the Yen was treated again for its safe haven status. I dont imagine the Yen will strengthen too much, I have support around the 80 mark.

USD/JPY Discussion

Id so love the YEN to get back to 77, I think millions of others too. Fundamentally I think unlikely though. Its just hard to figure out the reasonable support level now. Im thinking somewhere between 80 - 82

USD/JPY Discussion

Has Japan even started printing any money yet. This move so far has all been on rumour.

USD/JPY Discussion

Yeah I dont buy that from Bernanke though. If inflation gets over 4% he will have to take some action. Its not like he hasnt kept his word before.

AUD/USD

LOL i dont trade via Technical Analysis though and do via Fundamentals.

USD/JPY Discussion

So what does all this mean?

USD/JPY Discussion

Yeah the charts seem to say that ive messed up too hehe. But ultimately this positive data and increased spending in the US will lead to higher interest rates, and that is strength for the USD isnt it? I know thats months and months down the track ...

AUD/USD

Ah ok, I do look at TA, but it does my head in and I much prefer fundamentals, especially long term.

AUD/USD

Fair enough, and I dont profess to be an expert at all as im still learning. Ive had a look at previous charts comparing S&P500 to AUDUSD. It does support what you say, so will be interesting then to see how it pans out. However there is strength ...

AUD/USD

The DOW, NASDAQ, S&P500 are in an uptrend and as the US markets are more or less global markets, its apparent money is going into the USD. So im not sure I follow or make sense of how it can lead to money leaving the US. I understand that the USD is ...

AUD/USD

Yeah for sure, I understand most people here are into their TA and in and out of trades quickly. I hold for days/weeks and possibly months. At the moment im long USDJPY and have held it since Dec. Im up around 800% already and am considering holding ...

AUD/USD

Im not sure anyone follows what I say here but my prediction is that with the strengthening USD it will lower the AUD. I say its strengthening due to the positive data coming out of the US, the stock prices getting higher and higher and higher oil ...

AUD/USD

You mean cents lol But fundamentally I cant see it getting to 77 again. The surge before market close the other day was due to the highly positive news that came from the greek debt crisis. With all the certainty coming in to play with global ...

USD/JPY Discussion

Im holding it long term and have been since December. Im not sure about 100 and even think 92 might be a bit ambitious for now. I think what would be nice is if USD raise their interest rates so this becomes a nice carry trade too

USD/JPY Discussion

Id love that to happen so I can increase my exposure. Is that based on Technicals though, your thoughts? I read a report that BOJ were going to further devalue the currency to ensure the survival of the economy. I got the impression they finally ...

USD/JPY Discussion

Commodity prices are still going down, so thats an indication that the Aussie Dollar is also going down isnt it?

AUD/USD

I was just going over the daily charts and noticed that the Monday over the last couple months atleast has always traded negatively or flat? Any reason for it or just purely coincidence? I was wondering if its just profit taking.

USD/JPY Discussion

I totally disagree with that comment. While the way some people trade forex is no better than gambling, there is definitely intellgent ways to trade forex to make it profitable and certainly fundamental analysis to guide you as to what the trend ...

AUD/USD

That would be nice if it happened and got to new lows again. How do you calculate a 61.8 retracement? That would be armageddon for Japan wouldnt it? Lead to their suicide.

USD/JPY Discussion