The Advisor Weblog
  • Home
  • Join our trading community
  • Back to FXstreet.com

The Advisor Weblog

Follow the markets with Valeria Bednarik, Chief Analyst of the FXstreet.com Independent Analyst Team

Subscribe

Subscribe Subscribe Subscribe using Netvibes
Or subscribe via email:

Categories

  • Live Webinars
  • Long-Term Analysis
  • News
  • Sentiment
  • Short-Term Analysis
  • Starting the day
  • Technical Education
  • Trading Opportunities
  • Uncategorized

Archives

Recent Comments

  • Jason on Hourly perspective for US session
  • Sanjay on EUR/USD bullish continuation
  • Somephon on Best pair to trade now: GBP/USD
  • Valeria Bednarik on Best pair to trade now: GBP/USD
  • Somephon on Best pair to trade now: GBP/USD

Tags

Add new tag Aud/Usd Boj Cad CFTC Chf Dolar Dolar trend dollar Dollar trend Education Eur/Chf Eur/Gbp EUR/INR Eur/Jpy EUR/SGD Euro eurusd FOMC Forex gbp Gbp/Jpy gbpusd Gold intervention Jpy Majors Majors sentiment Majors trend News Oil personal stuff rates Sentiment Stocks Swiss Franc Technical Education Trend Usd Usd/Cad Usd/Chf USD/INR USD/SGD usdjpy Yen

FXstreet.com Weblogs

  • CEO's Weblog
  • Wayne McDonell
  • Dr. S. Sivaraman
  • Valeria Bednarik
  • James Chen
  • Ross Yamashita
  • Raghee Horner
  • Ron Schelling
  • César B. Leiceaga
  • Ian Coleman
  • Greg Michalowski
  • Mike Baghdady
  • Dale J. Pinkert
  • Trader of the Year

Links

  • Money and Markets
Usd/Jpy in the short term

Posted on October 13, 2008 at 12:35 in Short-Term Analysis by Valeria Bednarik

The Usd/Jpy is slightly bearish in 4 hours charts, although for now, it’s holding above the 100.00 zone, also an ascendant trend line that has tested a few minutes ago. The pair has a first resistance zone around 100.48, and above it, the pair could easily return to the daily maximum, around 100.84 that if broken will take the pair to 101.18. Regarding supports, under 99.95 the pair will try to reach the zone around 99.42 and finally 99.05.

 

Tags: usdjpy

4 Responses to “Usd/Jpy in the short term”

  1. on 14 Oct 2008 at 5:23 am1Ramadass

    Looks like GBP/USD moving strong ,next target will be 1.7750/18300. Think this could happen next few days if it form strong base at 1.7500. Let me know you views. thanks

    ram

  2. on 14 Oct 2008 at 6:21 am2Krishna

    Hi

    As we discussed USDJPY last week going for a big break down towards 80 area in the coming days….. this temporary uptick should be used for selling USD and BUying yen….. I think this upmove may come to an end in between 104.30 and 105.50….. keeping stop above 107.50 we can sell USD for a target below 98….

    do u agree mam?

    regards

    Krishna

  3. on 14 Oct 2008 at 12:17 pm3Valeria Bednarik

    Hi Ramadass I agree with you and today, I will add a longer term view for gbp/Usd.. the 1,7500 was also a strong Fibo level, and the pair has already pass trough. I will set the objetives in my post, but as I say, as long as optimism remains strong, we could see a good recovery in the pair.

  4. on 14 Oct 2008 at 12:35 pm4Valeria Bednarik

    Hi Krishna how are you? well the fact is that USD/JPY is giving me bullish signals in weekly charts.And daily are close to give them so if you want to short the pair in the long term, it could be a good idea to wait a couple of days: if stocks continue their “optimism” the pair will probably continue rising at least to the 105.00 zone, and there we can see if shorting from that levels worth it.. or not. This week, I bet on bullish continuation.
    Regards
    Val

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

© 2010 "FXstreet.com. The Forex Market" All Rights Reserved.