The Hand of Scalpuman

Forum of the Lord of Trading fellowship


 
HomeCalendarFAQSearchMemberlistUsergroupsRegisterLog in
Latest topics
» Daily Market Analysis from ForexMart
Tue May 03, 2016 9:51 am by Andrea ForexMart

» Company News by ForexMart
Wed Apr 27, 2016 9:46 am by Andrea ForexMart

» forex & binary - licensing & consulting
Thu Apr 14, 2016 1:32 pm by AGPLaw

» Stop leading an 8/5 robotic life and live real life!
Wed Oct 14, 2015 9:59 am by Ian Shaw

» Forex and binary options affiliate program reviews
Wed Sep 09, 2015 7:09 pm by affiliates-network

» InstaForex Company News
Thu Oct 02, 2014 8:29 am by IFX Yvonne

»  Forex expositions by ShowFxWorld.
Fri Aug 29, 2014 10:44 am by ShowFxWorld

» Forex News from InstaForex
Fri Aug 22, 2014 9:48 am by IFX Yvonne

» Shaolin Black Swan and Crunching Hobbit
Wed Jul 23, 2014 7:44 pm by Sauros




Share | 
 

 USD/JPY Stops At 23.6% Fibo

Go down 
AuthorMessage
fxpulsation



Posts : 8759
Join date : 2012-01-25

PostSubject: USD/JPY Stops At 23.6% Fibo   Mon Mar 10, 2014 10:45 am



USD/JPY Stops At 23.6% Fibo

'More easing won't necessarily boost growth, so the BOJ might shift its focus to growth from inflation. Boosting bank lending wouldn't weaken the yen.' - Brown Brothers Harriman (based on CNBC)

Pair's Outlook

Following an explicitly bullish week USD/JPY was bound to enter a consolidation phase. The currency pair was halted only at 103.38/34 (23.6% Fibo) after covering more than two figures. It may now spend several days between this resistances and the support at 102.88/71 (55 and 100-day SMAs) before regaining bullishness. Then the U.S. Dollar will be well-positioned to launch yet another assault on the 2013 highs at 104.

Traders' Sentiment

Appetite of the market for a surge is growing, as evidenced by an expanding share of long positions. Right now as many as 75% of traders expect to profit from buck's appreciation, while last Friday they accounted for 72% of the market.
Back to top Go down
View user profile
 
USD/JPY Stops At 23.6% Fibo
Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
The Hand of Scalpuman :: The Trading Holy Grail Forums :: Economic News, Market Comments & Opinions-
Jump to: