I fortunately moved my stop to b/e once price dipped below 109.10 for the 2nd time. Now I remember why I rarely trade counter-trend anymore.

I'm trading the breakout from the pivot low at around 109.40 that was established around 5:30am est.

Thank you for your advice Razor. I'm definitely with you in that the JPY will continue to weaken in the coming weeks and months ahead, based on everything I've read. My E/J short trade today is definitely just a scalp. I have a tight stop in place ...

I'm short from 109.36. I think all the yen crosses are extremely ripe for a pullback into the close today. As others have said, the yen has been getting hammered the past few weeks and I think it's highly likely to see profit taking today to avoid ...

Cmon you son of a bitch. DROP! 2200 by Monday, lock it.

Price just touched the 200 ema on the daily chart at 5766. Good place to take profits if long and may be a good place to enter short here.

No kidding. As opposed to what? I can't believe markets react strongly to b.s. like this. Selling this spike.

This huge move up this morning looks familiar as of late. On the 1hr charts, look at the gap up on 6/10, the gap up on 6/17, the run up on 6/19, and the run up on 6/28 and 6/29. These moves reversed hard every single time in the subsequent hours and ...

I've also exited my long and decided to go short at 1.2300. To those also going short here, what's your target price?

I see this most recent move downward in the last several minutes as a shakeout before the FOMC meeting later today. 2250 seems to be a great level to buy and a hawkish statement re: QE3 will send this pair to at least 2330. I'm targeting 2400.

looking at the daily chart, i see a couple pivots at the 1.26 level. decided to take a chance and short at this level after seeing some exhaustion on the 5 min and 15 min charts. entry: 1.2594 s/l: 1.2635 first target: 1.2525