Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

USD/JPY Discussion 4 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

On the one hand, the oscillator indicators on D1 show divergence so it’s a strong signal that USD/JPY is ready to lift off. But I think I would wait a bit to get additional confirmation.
Quoting FederalTrade
Were not finished dropping yet
yeah, but the market is 200pts up. It was alos conflicting with gbpusd short. Cause both have usd so if one goes sharply lower then other one rises.
Quoting FederalTrade
Were not finished dropping yet
yeah, but the market is 200pts up. It was alos conflicting with gbpusd short. Cause both have usd so if one goes sharply lower then other one rises.
I think Biden Admin is manipulating the job numbers. With so much debt and inflation, I don't understand how the USD is so strong.
Quoting alsup1955
I think Biden Admin is manipulating the job numbers. With so much debt and inflation, I don't understand how the USD is so strong.
It's to be expected

1. DXY has fallen from 113 to 101 in only 3 months without any "real" pullback.

2. The "market" kept saying the FED was going to pivot and there was massive shorting of USD

3. ZeroHedge wrote an article 1 or 2 months ago about the US jobs data and how it is being "corrected" several months AFTER the fact.
...because you never know - until you do!
There goes the bullish play I have been waiting for. Kept blowing my stops before I could add more. Perhaps the 137 that Elliotishans have been calling for is in play. I am leaning more towards this being the beginning of a 5th wave on the Daily to the upside. BUT I could be wrong.
When you feel like you HAVE to trade is when you least should!
Quoting alsup1955
I think Biden Admin is manipulating the job numbers. With so much debt and inflation, I don't understand how the USD is so strong.
This is MMMERRRIKA! Nothing ever just dies. You have to kill it multiple times lol
When you feel like you HAVE to trade is when you least should!
105.XX target then 98 dxy
USDJPY price action on the daily time frame has broken above an area of consolidation after a bearish retest of the 126.100/131.500 horizontal support zone (blue) seen on the weekly time frame. We may see further northward move in the early part of this week.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 13 KB
Do your homework, follow the footprints of smart money
Sold uj price 131.9 tp 131.2 no sl. Have a great weekend ahead
Quoting alsup1955
I think Biden Admin is manipulating the job numbers. With so much debt and inflation, I don't understand how the USD is so strong.
Yoou say that as if other administrations did not lol
When you feel like you HAVE to trade is when you least should!
EURNZD GOING DOWN
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD FEB 6 2023-7-43AM.PNG Size: 12 KB
went long from 132.5, target 134, stop under 132, small position
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting shikz
Sold uj price 131.9 tp 131.2 no sl. Have a great weekend ahead
finally closed.
Kazuo Ueda, who was reportedly appointed as the new governor of the Bank of Japan, expresses the view that the current monetary policy of the Bank of Japan is appropriate and that continuation of easing is necessary.
USDJPY price action on the daily time frame turned sideways after a bearish print on Tuesday at the upper boundary of the 131.500/126.100 horizontal support zone (blue) seen on the weekly time frame. The technical pattern favours further southward move.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 13 KB
Do your homework, follow the footprints of smart money
Due to the development of today's CPI data, the phase of the US in the business cycle is in and market expectations, this was a good trade.
Easy money.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY CPI news 02 2023.jpg Size: 170 KB
I almost took some shorts at 134, but got cold feet. Using smaller time frames seems like trouble for me.


tried higher here at 134.14, for a scalp...

edit, got lucky and covered for 7 pips...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 10 KB
Reinforce it
Quoting Rebar
I almost took some shorts at 134, but got cold feet. Using smaller time frames seems like trouble for me. tried higher here at 134.14, for a scalp... edit, got lucky and covered for 7 pips... {image}
Not sure why you almost went short. Don't triangle rules state that you wait for price to exit the triangle, then retest it? It exited to the top, and retested and then continued.
When you feel like you HAVE to trade is when you least should!
Quoting OBsayMkMoney
{quote} Not sure why you almost went short. Don't triangle rules state that you wait for price to exit the triangle, then retest it? It exited to the top, and retested and then continued.
Now that you mention it, sounds about right. I was kinda looking at something else, these wicks on the 30 min.

PS, couple of suspicious looking wicks on the hourly also now...maybe we see a small pullback again, but I don't expect much
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.png Size: 9 KB
Reinforce it
0 traders viewing now