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154.6250 japanese yen

Breached first level but bounced back now testing lows again....

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grandcaruso

2,317 Posts.

26/03/15

07:30

Post #: 14982171
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Originally posted by grandcaruso ↑

USD/JPY could see major downside if 119.65 doesn't hold. It's probably holding the last bastion before another major USD sell off. I'm short the Nikkei 225 at 19727 so could be in for some major pain if the U/J rallies. However if it doesn't hold I expect a DAX type reaction to the euro rebound. RSI extremely overbought on Nikkei but given it's up 12% YTD and 30% over the year it's going to be a hard nut to crack. Personally found over the past week trading indices has been a good proxy for currency especially between DAX, SP500 and Nikkei and correspondingly the euro, dollar and yen movements.

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Breached first level but bounced back now testing lows again. Today should be the start of my payday was up 180 points yesterday but Nikkei rebounded. Personally think the Nikkei could retrace below 18000 with a correction so plenty of money to be made. Yen typically strong during April.

Price at posting: 119.5373 Sentiment: Sell Disclosure: Held
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