USD/JPY Discussion

USD JPY h4 Wave c and potential wedge

looks like BoJ in aggressive action to push JPY down

113.40
sl:112.30

The BoJ giveth... and the BoJ taketh it away....

Now that DXY is down nearly 200 BP seems time for the JPY weakness correlation to DXY to come to an end.

I think we can consider this as clear refusal

I am thinking that also, but I am hoping to see 114.00. What do you think?

Long 111.89

Tp 114.79

sure after new supp from below, i think

111.80 Is support

but looks like 111.800 will break anytime soon

What is your tp guys?

Short term resistance 112.345 may be a nice place to scalp to.



edit:112.435 to 112.345

It seems so lazy to reach above 112.

here is my resistance level

112.40

Daily chart -- the bullish breakout from the wedge worked very well. However price is at resistance here

long:112.110

I believe there is some support at 111.82 due to a level seen 2 days ago

However prior to the Western world waking up to trade a new low about 0.1 below that was seen. Trade has been stuck around the 111.9 - 112.1 area since then, but if it retests and breaks 111.7 I think it could go down a lot further before tonight's close

going long 112.50 tp

Usd/Jpy initial gap has been recovered, 113.00 will be critical resistance level.