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USD/JPY Discussion 6 replies

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

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USD/JPY Discussion

It's the last day of May. Historically, USD/JPY hasn't had much direction in June.
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  • Post #86,782
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  • Edited Jun 1, 2023 11:08am May 31, 2023 8:00pm | Edited Jun 1, 2023 11:08am
Good ol ab=cd

I have to restate that the robot I use is only good at guessing short term reversals and capitalizing on them and doesnt necessarily mean its going to break to the downside hard, BUT it usually does reverse hard after a few cycles in the extreme zone basically trades parabolic extended moves on higher tf scales.. Just wish the jpy pairs werent so heavy on swap costs....

What I find the most interesting about the big tf swings is that it almost always coincides with news, and it makes one really consider if the whole news cycle has been bought up and paid for a long long time ago by the smart money players, it really begs the question.
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Why has the dollar strengthened in recent years? The answer is presumed to be the widening gap between interest rates and national power. Unless Japan corrects problems such as the declining birthrate, the dollar will continue to appreciate.
The value of the U.S. dollar, which has no problem with military power, rising wages, and the declining birthrate, will increase, widening the gap with the Japanese yen.
Like other foreign currencies, the yen will depreciate.
I do love it when a plan comes together. I was impatient. Wanted it to bounce off the 161. Forgot that because we were going up for so long it would most likely be a volatile move down, so it hit the 261 FE on the 15m chart. Buy limits are going nicely now. 151 here we come.


Nice.. 11:11. luck!
When you feel like you HAVE to trade is when you least should!
Quoting OBsayMkMoney
I do love it when a plan comes together. I was impatient. Wanted it to bounce off the 161. Forgot that because we were going up for so long it would most likely be a volatile move down, so it hit the 261 FE on the 15m chart. Buy limits are going nicely now. 151 here we come. Nice.. 11:11. luck!
AGAIN
When you feel like you HAVE to trade is when you least should!
Quoting obsaymkmoney
{quote} again
darn took to long from seeing it o typing it
When you feel like you HAVE to trade is when you least should!
USDJPY price action on the daily time frame is bullish. There was a bearish dip in the early part of last week as bullish price action approached the next area of structure, the 141.180/142.190 area (blue). With the bullish print on Friday, we may see a continuation of northward move in the early part of this week.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
Bullish week.. bearish or bullish then flat during US market Monday. Looks like the latter this time. Like two weeks ago.
When you feel like you HAVE to trade is when you least should!
USD/JPY (D1): the price is still in an uptrend: higher highs, higher lows.
Potentially, we may see the trend continuation towards the 0.618 Fib level (142.500), from where short trades can be considered.
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This is USDJPY

https://www.forexfactory.com/attachm...l?d=1685958058

TP is currently 140.000
HBS - Hussain Bin Salman
Ladies and Gentlemen. It appears the DOW may be Separating itself from UJ. For a bit now they have been holding hands. Skipping over the same S/R areas (candlewise.. not pricewise). Today. UJ halted it's fall creating a Wave 4 IMO. If it continues Long, and the DOW short we may be witnessing the uncoupling. If so.. Oh boy that Dow gonna get hurt.
When you feel like you HAVE to trade is when you least should!
Quoting OBsayMkMoney
Ladies and Gentlemen. It appears the DOW may be Separating itself from UJ. For a bit now they have been holding hands. Skipping over the same S/R areas (candlewise.. not pricewise). Today. UJ halted it's fall creating a Wave 4 IMO. If it continues Long, and the DOW short we may be witnessing the uncoupling. If so.. Oh boy that Dow gonna get hurt.
Just saw where the debt ceiling deal resulted in 1 TRILLION $$ in T bonds incoming, very likely you will see the results of that on several charts including the US indices
Quoting forexn00b81
{quote} Just saw where the debt ceiling deal resulted in 1 TRILLION $$ in T bonds incoming, very likely you will see the results of that on several charts including the US indices

oooh oooh. I is excited!!
When you feel like you HAVE to trade is when you least should!
DXY watchers... BTC\USD just printed new 3 month lows. It appears the teens are coming into range again. For those new to my rants. 12K is my low target. Hoping it breaks lower because I am growing impatient lol.
When you feel like you HAVE to trade is when you least should!
Quoting OBsayMkMoney
DXY watchers... BTC\USD just printed new 3 month lows. It appears the teens are coming into range again. For those new to my rants. 12K is my low target. Hoping it breaks lower because I am growing impatient lol.
On a recent valuetainment podcast Mr Bet David hosted a multibillionaire who has 2bil in btc, thats gotta hurt today ohhhhhhhh
Quoting OBsayMkMoney
DXY watchers... BTC\USD just printed new 3 month lows. It appears the teens are coming into range again. For those new to my rants. 12K is my low target. Hoping it breaks lower because I am growing impatient lol.
Lol.. was wating for Ethereum Genesis Protocol which will rally it 11k
ETH Has fallen too
Quoting forexn00b81
{quote} On a recent valuetainment podcast Mr Bet David hosted a multibillionaire who has 2bil in btc, thats gotta hurt today ohhhhhhhh
2 Billion in Bitcoin? I don't think he is even watching it. Probably on the beach sniffing something off of a 24yr old's tight something or another. He stashed that 2Billion away for the next Decade IMO. Shooo I just want 100 Mill in it. lol. Nothing too big right?
When you feel like you HAVE to trade is when you least should!
Some grabbed... others missed. SL set in profit. Will either hold below, or we try again. Target low teens.

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When you feel like you HAVE to trade is when you least should!
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