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JPY pair

Paulito Posted 2 Dec.  in #Trader's blog
I was thinking about shorting JPY pairs in this month´s trader contest as it was pretty obvious and first choice seeing that, on the main JPY pair with USD dollar, we are near this years high and near important resistance. But then I looked at monthly chart of USD/JPY seeing what JPY can do as last year was rising 9 months straight, depriciating JPY quite a lot with the help of BOJ. With that I change my mind and will be looking for betting that JPY will depreciate further (There should be BOJ …
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Daytrader21 2 Dec.

Some peoples just loss perspective and are not aware of the bigger picture. As you have said just because xxxjpy pairs have gone so much up in last year that's not reason enough to assume this move is over, it can go up in following years beyond your imagination

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Paulito 2 Dec.

Or it can go down beyond your imagination. You never know what is going to happen, so you have to be prepared for anything. What I do not like is that BOJ has the biggest word here and nobody knows what they are taking :-) But realizing that BOJ has big interest in depreciating its own currency (as almost every country, there was 5% depreciation of Czech national currency by Czech national bank in the past month), I think that we could se sth similiar in the next 6 months

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ANABEVZ 19 Aug.

well done!

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EUR/GBP respects its lines

Paulito Posted 31 May as Analysis on EUR/GBP, Target: 0.8455, Date: 1st of July, 12:00 GMT  in #Technical analysis #EUR/GBP #Downtrend #Predictability #Trend Is Your Friends
As you can see from the charts, market currently respects downward sloping line and and support at 0,8410 and if they keep it that way market could behave like I have drawn. Purely technical analysis. Pictures says it all
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VTTG 11 Sep.

I like your chart :)

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Maria_r 18 Oct.

cool)

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Solid S/r on AUD/CAD

Paulito Posted 15 Apr. as Analysis on AUD/CAD, Target: 1.0655, Date: 3rd of June, 12:00 GMT  in #Technical analysis #Support #Resistance #AUD/CAD
Pair AUD/CAD formed a nice channel in past few weeks. 6 Weeks is a long haul but market could respect those S/R and trying to bounce a few times with the market should be profitable strategy here. Overall trend is up, so we could end up in the 2/3 of the channel and it is 1.0655 which is my guess.1st one is daily2nd one is weekly
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geula4x 28 Apr.

+1 Liked: Pure price action analysis, based on clear support and resistance levels on the chart. Happy trading :-)

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Paulito 2 May

thanks, but support was broken down and we are falling and falling but that support is now resistance

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