Rechercher

Avis des Experts

Show news:


Authors:




USDJPY: Intraday retracement?

22 septembre 2016

Yesterday we had a look at the swing scenarios for USDJPY and we signaled a moment of high volatility moment in the market, a situation likely to create great bullish and bearish opportunities for traders after the BoJ Interest Rate decision.


As it is often the case with surprise moves in interest rates, yesterday bears took absolute control and managed to push the price just a few pips shy of the 100.00 key level in just 2 trading sessions. But volatility has not dried out yet, as the pair is now under strong influence of the FOMC statement from last night.


Today we want to signal some short-term scenarios for intra-day traders. Both bears and bulls have their own windows of opportunity around the key technical levels.


Bullish Scenario: green

Bulls are now backed up by a first (yet shy) test of the key 100.00 psychological level, and a short-term (and possibly short-lived) move up is now possible, as market players start taking profits from this first push. price is 100.59 at the time of this writing. Targets are seen around 100.90 and 101.50.


Caution: The trend at this time remains bearish, so any move up is against the main flow - which is why risk management should be taken very seriously. Tight stops are the word of order right now, as any move back towards 100.10 could rapidly turn into unexpected, violent breaks of 100.00. Also, bears are expected to go back in swing shorts on upside corrections - so short-term buyers of the pair are probably planning for quick take profit-and-run trades today.


Bearish Scenario: red

Bears are probably now reloading for another - possibly stronger - test of 100. They are expected to step in as early as 100.90 and definitely around the key hourly/daily level of 101.50, where some kind of reaction is expected. These trades probably have larger stops (around 102), as the targets are equally large (100.00 and 99.2) and their projected time frame could be up to 2-3 days.


Whatever your preference and trading style is, caution is advised at this time due to increased volatility. Happy pip-hunting!

read other opinions of the author

Everything posted herein is the Personal Opinion of the Author(s) and does not represent a statement made by TeleTrade. TeleTrade is providing this for informational purposes.

Back to all reviews

Trading Tools

  • Slogan: Trading is a business - the most intelligent, challenging and rewarding that I know of.
  • Market ideas, interesting scenarios, chart opportunities, events and more!

Mise au point du marché

  • U.S building permits and housing starts rose more than expected in January
  • Chicago Business Barometer rose to 67.6 in December, up from 63.9
  • U.S import and export prices rose more than expected in January
  • Canadian manufacturing sales declined 0.3% to $55.5 billion in December
septembre 2016
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
lun
mar
mer
jeu
ven
sam
dim
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
26
27
28
29
30

Quotes

Toutes les informations contenues sur ce site sont uniquement informatifs et ne sont pas une base pour l'adoption de certaines décisions d'investissement. S'il vous plaît lisez notre notification complète des risques.

Afin d'améliorer la navigation sur le site TeleTRADE utilise des cookies dans ses services Internet. En continuant à naviguer sur ce site, vous acceptez l'utilisation de cookies. Si vous n'êtes pas d'accord avec l'utilisation de cookies, vous pouvez modifier les paramètres de votre navigateur à tout oment.

  • © 2000-2018. All rights reserved.


    This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

    Participation of TeleTrade in the self-regulating organizations: TeleTrade Group paysspecial attention to development of regulation of the financial markets. We are interested in the qualitative legislative base providing the most comfortable conditions for all participants of the Forexmarket, working in the country.

  • TeleTrade is one of initiators of creation of the self-regulating organization for non-profit partnership «Centre for Regulation of Off-exchange Financial Instruments and Technologies », and one of the members of the Financial regulation Agency of the Russian participants of the international financial markets.

    Information presented on this site is not a basic for investment decision-makingbut only the introductory overview.

  • Notice of risks: Trade in the financial markets (in particular trade with use of marginal tools) opens ample opportunities, and allows the investors, ready to run risks, get high profit. But investors also bear potentially high risk of receiving losses. Therefore, before the beginning of trade, it is necessary to study the situation comprehensively taking into consideration available financial sources and knowledge in order to avoid potential risks.

  • Privacy policy

    In case of using information from the TeleTrade site the reference to teletrade.my is obligatory.Automatic import of materials and information from the site is prohibited.

    Please feel free to contact our PR department in case you need any support or advice..

Служба технической поддержки:
8-800-200-31-00, support@teletrade-dj.com

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Contactez-nous
Partager sur les
réseaux sociaux
Consultant en ligne
Demander
un rappel
En haut