AdamFx42's Blog

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Jumping in on USD/JPY weakness

Changing my Positioning
After making some small gains on Euro weakness, selling Eur/Sek, I closed that position yesterday
because it was not moving fast enough for my liking
Then I read about a large storm nearing the coast of Japan:
http://www.businessinsider.com/typhoon-described-as-a-once-in-decades-storm-is-barelling-towards-japan-2014-7
It seemed to be huge, and a lot of damage could be done,
and I remembered what happened with the Yen when the Fukushima nuclear disaster happened:
the Yen g…
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Deeper retracement down coming up for NZD/JPY

Nzd/Jpy is in for a deeper retracement down after hitting 90 - a target that was pointed out by traders months ago
Fundamentally Jpy is growing stronger and all the yen crosses will suffer
Nzd will be in for a deep retracement after hitting the weekly target area of 90
The first move down for this pair should challenge the downside of the daily channel that is seen in the daily chart:
In the weekly chart, if we draw the fibonacci retracement we can see that the 50% retracement level
of the last…
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AdamFx42 10 Maj

After failing to break back up - this pair is now en route towards my target, I expect further Usd/Jpy weakness to be a catalist for a further move down in Nzd/Jpy

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AdamFx42 17 Maj

Still a long way from target - waiting for Usd/Jpy to break below 101 now for the yen crosses to follow down

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AdamFx42 20 Maj

Still stuck around 87 - need more Usd weakness or stronger yen - data coming tonight

AdamFx42 avatar

Good analysis - if I say so myself, I'm off about 40 pips near closeand my predicted movement seems spot-on

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