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Slow Start of New Week

JonSnow Posted 19 Feb.  in #Trader's blog #Usdjpy #Eurusd
So far, the Asian session trading has been very quiet and I don’t anticipate too much of an action today as this is a long weekend in the US. In my view, we are going to see range trading today. I’m not ruling out EUR\USD trying to make one more attempt at 1,26 as lately euro buying happens during the London session and dollar buying during NY session – but that last one will be very slow today.
I set some pending orders, to go long on USD\JPY at just below 106 and to also buy GBP\USD a bit bel…
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USD\JPY Next Move

JonSnow Posted 18 Feb.  in #Trader's blog #Usdjpy
I’m studding the charts of the pair and I can’t shake the feeling, it has fallen too much. The “naked” monthly chart clearly shows that area around 105.50 was a resistance and a support on several occasions in the past 10 years or so.
Here are the some of the possible reasons why 105.50 might be the bottom (at least for now)
1. There is good chance the FOMC minutes will sound hawkish and that will ignite dollar buying.
2. Japan Central bank must start to feel uncomfortable with such yen stren…
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End of The Week Trades

JonSnow Posted 16 Feb.  in #Trader's blog #Usdjpy #Eurusd
Us dollar has been on the defensive all week and each day it kept losing a bit more against almost all currencies. Today, during the Asian trading session EUR\USD reached the highest level in years, yen was again a big winner with USD\JPY reaching 105.55 and there is no end to the greenback weakness.
I took the worst losses this week and my account balance depleted by about 18% - all by being USD long. I keep looking at charts but no signs of rejections for appreciating against dollar currencie…
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