USD/JPY Discussion

1 min took another short

closed for a 17 and 9

damn, quite dangerous for scalp trade

sell

ALL price action between 109.84 and 109.17 is chop trading. Price will just goo any way and screw long and short. Dont have tight stop loss in this area or you lose both ways.

I think cap is 109.84 if it keeps going up. Below, 108.73 is strong support but once it breaks will be a fast move down several hundred pips.

Dont take the slow choppy trades. be patient and save money unless you are scalper right now.

Bull struggling to stay above 109.40. If it succeeds, 110 and beyond is highly possible.

Standing by to load buy at 109.42. Let's see.

Probably massive stops below 108.59

Not yet.... Still fly.. I move my SL to 109.10... Halo om bro.. Salam kenal

This has been quite the crazy day.

Sell now anyone?

Holy crap this pair is usually one of the best to trade but today its absolutely beyond crappy.

calm down. . its the new york bots.. doing ab-cd up/down.. too quick for most .. 1min best view.

Its too fast even for 1M. This is a rather rare behavior for this pair. The New York bots must have super deep pockets as you need 40M+ at this time to move this pair by 1 pip and they dance in 40 pips range.

Add buy @109.28, SL @109.10

Diamond pattern on m1?

Before we get a decent break of 109.60 we are trading in a consolidation with that as the main resistance and 108.60 as the main support.

The same for EUR USD... take a look the movement yesterday getting the main resistance around 1.1830 and got down sharply after that.

USD JPY in the 4h chart is going north with no time for a break since 108.60... I would expect some correction from now one and maybe around 109.00 get a buy with sl under 108.60... then we could have a Pivot.

Also today there is no relevant data to come out.... so I will be very carefull with breaks today. Look USD CAD as a sample...

NY Bots = dog ate my homework.

is anyone feeling a short on this pair at the moment?

$Y (m15)

At 109.60 ... (if I'm not wrong) ... starts the 4th wave



P.S.
But I do not know where the 5th wave (bullish) will start

I'm not sure why everyone here is overwhelmingly holding a bearish bias, we just triple rejected a key weekly zone that price has been ranging off of for months. This could be going way up so I'd advise you wait and see what happens. In my books, if it can get back to 111 this could be a reversal, if we get a strong rejection off of 111 and perhaps a key fundamental event, we could break lower. But given the triple rejection and the recent bull run on the 4 hour, it looks to me like the big boys were profit taking and the recent test was a bear trap. Anyways, just my two cents. Best of luck to all!