USD/JPY Discussion

Quoting SunTrader

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I know I'm not going to convince those who care about the news but here is another screen image clearly showing, to me at least, price failing to break above previous high (horizontal line) then falling through (vertical) trendline ... before word came about yet another missile test. Oh BTW also look at 4 or 5 of the 7 daily trading bars with long wicks also clearly showing selling. Had my say. Let the weekend begin. {image}

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Quoting darthPip

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hope the week closes below the open of 112.66

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Quoting Nicholishen

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{quote} It proves that UJ hit resistance at the 1.618 extension, and further proves what I said earlier about the market being in a holding pattern for the FOMC speeches. The price was still following the regression line up into resistance all the way until the article dropped. The minute candle of the article time stamp was trading up and overall price was consolidated in a narrow range. Five minutes following the article the price dropped way outside 2 std dev on the bands. The volume on the 5 min bar the news dropped is more than double the bar...

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Quoting SunTrader

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I know I'm not going to convince those who care about the news but here is another screen image clearly showing, to me at least, price failing to break above previous high (horizontal line) then falling through (vertical) trendline ... before word came about yet another missile test. Oh BTW also look at 4 or 5 of the 7 daily trading bars with long wicks also clearly showing selling. Had my say. Let the weekend begin. {image}

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Quoting MrPresident

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{quote} i would only sell this pair if the daily chart closes below 112.2 otherwise, there might still be a move towards 114.5

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Quoting SunTrader

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I know I'm not going to convince those who care about the news but here is another screen image clearly showing, to me at least, price failing to break above previous high (horizontal line) then falling through (vertical) trendline ... before word came about yet another missile test. Oh BTW also look at 4 or 5 of the 7 daily trading bars with long wicks also clearly showing selling. Had my say. Let the weekend begin. {image}

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Quoting darthPip

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{quote} Out of 55-60 odd lots open there is a 22.6 lot short and a 22.6 lot long order on FF ratio mostly by same private person.Mostly fake/scam stuff on FF to manipulate the ratios or some rich human with no purpose in life.

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Quoting SunTrader

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{quote} Ok one final response on this. UJ had a parabolic move up (looking micro level 1 minute chart). And most times parabolic moves are quickly reversed 70-80% of the move, if not (like this case) completely and then some. Once price started back down news added some to it but it was going there whether or not Kimmy said boo. Algo's having anything to do with it is pure speculation. The downtrend was already baked in.

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Quoting Marc05

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The NFP today was really bad, but does it threaten the uptrend ? not in the long term i think but we are not sheltered of a pullback on 110.600 So guys do you think this bad NFP threatens the bullish sentiment ?

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Quoting Marc05

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The NFP today was really bad, but does it threaten the uptrend ? not in the long term i think but we are not sheltered of a pullback on 110.600 So guys do you think this bad NFP threatens the bullish sentiment ?

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Quoting MrPresident

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{quote} the NFP was good except for the disruption by the hurricanes north korea started to blab again about their missile launch next week and this pair fell down the pair could be in a range between 111.5 and 114.5

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Quoting Liquidsnake

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{quote} The report was good. don't read TOO much into the -33k on jobs. The unemployment rate decreased with 0.2 percent to 4.2, the lowest in almost 16 years, this weights heavy. the avarage hourly earnings increased with 0.2 percent too. Like i said earlier, i 'hope' that the drop was 80% due to the missile test, 20% correction with the -33k in hindsight and that we will see a retracement to 114 within early next week. best of luck

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Quoting Liquidsnake

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{quote} The report was good. don't read TOO much into the -33k on jobs. The unemployment rate decreased with 0.2 percent to 4.2, the lowest in almost 16 years, this weights heavy. the avarage hourly earnings increased with 0.2 percent too. Like i said earlier, i 'hope' that the drop was 80% due to the missile test, 20% correction with the -33k in hindsight and that we will see a retracement to 114 within early next week. best of luck

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Quoting Ceo2011

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Interesting Yen

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Quoting Marc05

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{quote} Ohh their annoying with their war i just want to trade without thinking if there will have a war or not. Thanks for your analysis and btw it seems we have the same price action trading, does it work for you ?

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