The View Down River
- Thread starter downrivertrader
- Start date
Hang in there. I have topside targets in the USDJPY of 118.20 and 119.09.
Signed,
The Broken Record
Signed,
The Broken Record
"Imagine Success with the Mind's Eye"
"Trust your Instincts"
I am now in a zen like state since I am so far in the red. Short and holding. Please send flowers.
"Trust your Instincts"
I am now in a zen like state since I am so far in the red. Short and holding. Please send flowers.
Good morning everyone:
The Euro has crossed the 12092 level as you can well see.
Resistance: 12114/12118 - reached
12130/12140 - we are now in this area
Target: 12170/12188 short term
Data released this morning is bearish for the dollar. A report released in Europe this today showed strong Consumer Price Growth - weak on this side of the pond. The interest rate differential that has supported the dollar is disappearing.
We may see a quick run up to the 12183-6 level. Have a look at the daily chart and you will see a congestion area that formed between Jan 8 - 19th area before the run to the 12321 level. It is not far above were we are now and, a likely place for a correction in the near term before the 12300+ area is challenged.
Good luck to everyone.
The Euro has crossed the 12092 level as you can well see.
Resistance: 12114/12118 - reached
12130/12140 - we are now in this area
Target: 12170/12188 short term
Data released this morning is bearish for the dollar. A report released in Europe this today showed strong Consumer Price Growth - weak on this side of the pond. The interest rate differential that has supported the dollar is disappearing.
We may see a quick run up to the 12183-6 level. Have a look at the daily chart and you will see a congestion area that formed between Jan 8 - 19th area before the run to the 12321 level. It is not far above were we are now and, a likely place for a correction in the near term before the 12300+ area is challenged.
Good luck to everyone.
Hi sperksy:
I posted when I added a new position yesterday. Long at 12062 (cash). I placed a buy order for another position just above 12092 and it was filled I reached the office this morning. This was a key level for me.
I expect a correction in here because we are at a resistance level - 12030-/40 level. Should be short term
We may see 12180/83 today.
I have very tight stops.
Best of luck
I posted when I added a new position yesterday. Long at 12062 (cash). I placed a buy order for another position just above 12092 and it was filled I reached the office this morning. This was a key level for me.
I expect a correction in here because we are at a resistance level - 12030-/40 level. Should be short term
We may see 12180/83 today.
I have very tight stops.
Best of luck