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- Demon Bane replied Jul 28, 2011
Precisely....I am hoping to go long @ 76.00 and building up longer term positions targeting 80.00... There may be alot of SL below 76.00....but I'll take the risks...
USD/JPY Discussion
- Demon Bane replied Jul 28, 2011
The last time when people said 80.00 won't break, it was broken...now people expect 76.00 to hold... I dunno, but the way I look at it, 75.00 and below is likely...especially when the sentiment is bearish...
USD/JPY Discussion
- Demon Bane replied Jul 28, 2011
How is USDJPY gonna make a U-turn north? Intervention...no choice... a coordinated push the pair above 90.00 level? I would think that the pair could dive first before it rises....the bottom is unknown...
USD/JPY Discussion
- Demon Bane replied Jul 28, 2011
If today market close @ 77.XX level, more downside expected....basically the $ is weak...any upswing will be short-lived....
USD/JPY Discussion
- Demon Bane replied Jul 27, 2011
Intervention is pointless if it dun push above the 90.00 level, I think the downward pressure is very real...we could see at least 76.00 (again) even lower....
USD/JPY Discussion
- Demon Bane replied Jul 27, 2011
76.00 — I'm certain that it'll test the 76.00....some people in the market are already saying 65.00...looking at the weekly chart, maybe possible....where's the bottom? Nobody knows....
USD/JPY Discussion
- Demon Bane replied Jul 26, 2011
Bearish Sentiment — I think we shall see 76.00 again before a small upswing towards 80.00 and 85.00....
USD/JPY Discussion
- Demon Bane replied Jul 26, 2011
There's no reason to buy dollars now....a retest of the historical low 76.00 will be needed before the eventual rise to 85.00...
USD/JPY Discussion
- Demon Bane replied Jul 26, 2011
More likely to the downside....its gonna try for the plunge.... to test the 76.00 level....
USD/JPY Discussion
- Demon Bane replied Jul 25, 2011
Fallen back below 78.30 again...weak USD....its gonna test the historical low for sure....
USD/JPY Discussion
- Demon Bane replied Jul 25, 2011
Seems like a small support @ 78.08 area....if 78.00 holds, a small upswing towards 79.50 will be possible...
USD/JPY Discussion
- Demon Bane replied Jul 24, 2011
USDJPY going 75.00 I think, testing the BOJ tolerance...78.20/35 was tested afew times on the 15mins Chart....likely to break down side...
USD/JPY Discussion
- Demon Bane replied Jul 21, 2011
Seems bearish to me....today have no US news... probably a slow market....
USD/JPY Discussion
- Demon Bane replied Jul 21, 2011
If closing price below 79.00 again...will be very bearish and expect 75.00 be next target....watch out guys.... could be a quick one....
USD/JPY Discussion
- Demon Bane replied Jul 20, 2011
Yesterday Market closed below 79.00....an indication of extremely bearish sentiment....watch out....
USD/JPY Discussion
- Demon Bane replied Jul 20, 2011
Dip below 79.00 again....there's simply no reason to buy the dollars now....intervention won't happen until 75.00 is being breached....
USD/JPY Discussion
- Demon Bane replied Jul 19, 2011
79.00 seems like a strong support for now.... I would expect 81.20 by the end of the next week.
USD/JPY Discussion
- Demon Bane replied Jul 19, 2011
North or South ? — So you guys think the breakout shall be north or south ? Its still consolidating and going nowhere....
USD/JPY Discussion
- Demon Bane replied Jul 18, 2011
The pair is so quiet recently....almost no action at all... Will it be the silent before the storm? Anybody buying @ 78.50 area ?
USD/JPY Discussion
- Demon Bane replied Jul 16, 2011
I also think that BOJ will not intervene directly...unless it falls below 75.00...the previous intervention together with G7 didn't worked well...it went back down to where it started.... For intervention to work, it must push all the way to 90.00 ...
USD/JPY Discussion