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USD/JPY Discussion

  • #68,181
  • Aug 18, 2017 9:51am Aug 18, 2017 9:51am
Back up to 109.40 before lower maybe. recent low was taken out but price back over and holding. Shorts may get spooked out.
  • #68,182
  • Aug 18, 2017 9:54am Aug 18, 2017 9:54am
It is a nice price to get long but no signal of bulls though. I wouldn't risk get short in this area too. But as yesterday we had the Barcelona attacks, maybe the guys are getting a hedging for the weekend in case something happens again...

On the other hand, I believe we are trading in a rectangule with support in the 108.xx area. But I wouldn't be surprised if the market goes down below it to get some stop loss orders, similiar what they have being doing in EUR USD this week (fakes support breaks)
  • #68,183
  • Aug 18, 2017 10:23am Aug 18, 2017 10:23am
false bull


if it can breaching 109.160 I will rename it the real bull LOL
  • #68,184
  • Aug 18, 2017 10:26am Aug 18, 2017 10:26am
Quoting nagamas
false bull
no . Strong bull but it will fade after few minutes.
It moved approximately 400 point till this moment since you posted false bull b4 5 minutes
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #68,185
  • Aug 18, 2017 10:37am Aug 18, 2017 10:37am
thanks Samer

for today, I name it bull if it plays above 109.159 and bear if plays below 109.057
  • #68,186
  • Aug 18, 2017 10:53am Aug 18, 2017 10:53am
Quoting Trendzalore
Back up to 109.40 before lower maybe. recent low was taken out but price back over and holding. Shorts may get spooked out.
Did I see this up move coming? Yup saw it coming. This will give more room for short next week possible.
  • #68,187
  • Aug 18, 2017 10:58am Aug 18, 2017 10:58am
Quoting Trendzalore
{quote} Did I see this up move coming? Yup saw it coming. This will give more room for short next week possible.
what we're seeing today could be one of three things:

1) a reversal on the daily back to 114 the top of the range
2) a short term range forming between 111 and 108.7
3) a legitimate down trend that will break the daily range

I'm going to play it safe and play the range (option 2) until i see a legitimate break of either level.
  • #68,188
  • Aug 18, 2017 11:05am Aug 18, 2017 11:05am
Quoting mnaqvi
{quote} what we're seeing today could be one of three things: 1) a reversal on the daily back to 114 the top of the range 2) a short term range forming between 111 and 108.7 3) a legitimate down trend that will break the daily range I'm going to play it safe and play the range (option 2) until i see a legitimate break of either level.
Agreed.

I think the pair is headed down another 500 pips over the next couple of months. Looking over the last year price has filled out a balanced profile and there is business needed to be addressed below. However I also see business above at 114. The key is which way first.
  • #68,189
  • Aug 18, 2017 11:29am Aug 18, 2017 11:29am
Look at the bulls go...you gotta respect that buying power

If they can close up here on the daily, we might have a very bullish USD/JPY next week.
  • #68,190
  • Aug 18, 2017 12:46pm Aug 18, 2017 12:46pm
Inserted Video
  • #68,191
  • Aug 18, 2017 1:00pm Aug 18, 2017 1:00pm
I lean towards way down.

Look at daily chart.

Low on 108.81 06/13 price went up hard

price came back on 08/10 made low 108/.73 went up a few days

today it hits and breaks that low again.

two daily wicks pierced. Looks to me like buyers are getting soaked up and price may go down.
  • #68,192
  • Aug 18, 2017 1:04pm Aug 18, 2017 1:04pm
Have to have a good close look over the weekend but that sounds about right to me.
  • #68,193
  • Aug 18, 2017 1:14pm Aug 18, 2017 1:14pm
Quoting Trendzalore
I lean towards way down. Look at daily chart. Low on 108.81 06/13 price went up hard price came back on 08/10 made low 108/.73 went up a few days today it hits and breaks that low again. two daily wicks pierced. Looks to me like buyers are getting soaked up and price may go down.
you could very well be right. Monday/Tuesday should give a good direction.
  • #68,194
  • Aug 18, 2017 2:14pm Aug 18, 2017 2:14pm
Looking at 4h chart, I see an opportunity to be short, SL right above 109.60.
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  • #68,195
  • Aug 18, 2017 2:46pm Aug 18, 2017 2:46pm
$Y (m30)

A labyrinth (?!)

... looking for ...



P.S.
... good chance to enter ...
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... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #68,196
  • Aug 18, 2017 3:47pm Aug 18, 2017 3:47pm
Good weekly close. 2 weeks left for the month to end and eur j looks like will test lower waters specially due to terror here.. im guessing the upcoming numbers after summer ends will be much worse considering the 10% appreciation due to simple market predictions way before it happens, and when numbers start showing up major slowdowns fear will install and drop the pair lower xd overall im still waiting on 104 to be reached from 114. And ej 122
  • #68,197
  • Aug 18, 2017 3:51pm Aug 18, 2017 3:51pm
My Early numbers to watch next week:
109.84 is top of my expected range.

109.27 to 109.84 price my bumble about in this area if is not decisive yet.

Next week if 108.74 does not hold then it is a free fall to 106.88

otherwise we could range 108.74 to 111.12 for a while. Beyond that 113.26 is a spot of interest.

As for me I am hoping for the break below because that is the clearest easiest money to be had.
  • #68,198
  • Aug 18, 2017 7:53pm Aug 18, 2017 7:53pm
Hello Guys.. Now, I found the direction. Next week will be bullish.. look at the candle size between Previous one and the closed. It means.. Surely, Going to Bullish Next week. Also.. there is very important Point (109.584) area. If the candle cross over 109.584 and then, we will see 110.642 But 110.642 is nothing.. we can see the 112.151. If 109.584 is broken out, we can see the 112.151 and then will see 114..109.584-110.949(Strong Support Line)- 112.51(Strong support Line) -(111.688: possible down to up)-112.151-114. Thanks..100% sure.
  • #68,199
  • Edited 3:50am Aug 19, 2017 3:37am | Edited 3:50am
what do you call it for the late coming enlightenment's terminology?

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Damn, I should pay attention too for simple channel of diagonal SnR.


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  • #68,200
  • Aug 19, 2017 6:27am Aug 19, 2017 6:27am
Recent drawings on this pair..
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