Tag Archives: usd/jpy
A.M. Look 4/19/12
Spu’s…are stuck between 1375-1390 on top. NASD 100… same deal…2700+- and 2730 on top. USD/JPY…81.88 ( app 122.25 Futures) should be your focus for further price action. We previously identified (123.25 Futures.) as a significant level. That was last night’s … Continue reading
A.M. Look 4/18/12
USD/JPY…81.88 is the weekly ORH #. A close over this level Friday leaves room for a large move up in this Dollar. Yen Futures line up slightly different with a close under 122.25 needed for the ORL. Sustained price action … Continue reading
A.M. Look 4/10/12
The Yen crosses told the story yesterday by holding big Fib support. The AUD/JPY,EUR/JPY & CAD/JPY all pretty much tested support at the same time and reversed. So did the OIL and Spu’s. General Caveat!….We’re honing in on a zone … Continue reading
A.M. Look 4/4/12
Currencies… Euro…131.50 is the downside pivot, only sustained and closing action through this zone will lead to more downside. AUD/USD…102.64 is support. The downside pivot is 102.00 same as above. USD/JPY…needs sustained price action under 82.00 USD/JPY ( over 122 … Continue reading
A.M. Look 4/2/12
Nasd 100 Futures…a close above 2775 will have us close out our Long QID trade. This can still trade the 2839 Fib level. Spu’s…needs price action & closes back under 1400 to be negative. 30 Yr. Bonds…need some sustained action … Continue reading
A.M. Look 3/29/12
AUD/JPY…has been a good short term barometer of stock strength. 8500 is the 50 day. watch for general market tone. USD/JPY… along with the YEN crosses are doing re traces from the beginning of Feb. , 122 ( M Futures … Continue reading
The Usual Suspects
USD/JPY…83.50 ( app 119.70-80 M Futures) becomes the key closing pivot for more Dollar upside vs. the Yen. XLE…is a good alternative to trading the Oil Futures…If you’re bullish the Oil we’d use a 72.20 intra day as a stop. … Continue reading
A.M. Look 3/22/12
Is the sky falling? I wouldn’t get too wound up about it just yet. The current price action around the board in the Currencies,Bonds and Equities Indices are typical for this week going into the end of the qtr. 30 … Continue reading
Yen ( Pit)…Pattern Alert
A close over 120.23 puts in an ORH. App ( 83.17 USD/JPY) Sustained Price Action over this level will lead to a test of 121 for a start. ( app 82.65 USD/JPY) Caveat….The cash and all session futures charts DO … Continue reading
A.M Look 3/15/12
The directional moves in the currencies are tired. USD/JPY moved 8 figures is 6 weeks. This is a typical big standard deviation move before some digestion needs to take place to telegraph another move. For me, this is the one … Continue reading