USD.JPY

[peat]

took a long here 107,29
to some extent it made up for my loss on Eur/JPY. so dumped the loser and hold the winner. +33 as of now.

[arco]

Watch circa 10784 - it may be hard to penitrate IMO.

No current position - I need to prune back somewhere. [:o)]

[peat]

had my stop at 107.40 to make sure this didnt go bad... so yeh just got hit - only 11+

[peat]

[xx(]

[arco]

A Bearish Engulfing pattern has appeared on
the old DT line taking overnight action back just
below the Gann resistance @ 10784 that I mentioned
a few days ago.

[miner]

Morning Arco,still think short on this one?,would go with your long on eur/usd,ta.

Cheers
Miner

[arco]

Morning Miner

Nothing has changed my mind presently although
the Fx market lacks 'direction' at the moment.

As I mentioned in a another thread I believe EUR needs to
correct higher, therefore the reverse should be the case for JPY.

arco

[arco]

Miner

You may be interested in these fundamental thoughts
from Financial Express

..........."If there is no (negative) surprise in the FOMC minutes and the US economic data due out this week confirm the strength of the economy, the dollar will be bought back above 108 yen," said Daisuke Uno, a market analyst at Sumitomo Mitsui Banking Corp...................

http://www.financialexpress-bd.com/i...id=141&spcl=no

[miner]

Thanks arco.

Cheers
Miner

[miner]

quote:Originally posted by arco


A Bearish Engulfing pattern has appeared on
the old DT line taking overnight action back just
below the Gann resistance @ 10784 that I mentioned
a few days ago.

10784 may now be supp arco?,go with eur/usd through supp and usd/chf on supp now,so strong USD?.

Cheers
Miner