USD/JPY Discussion

Abe won so now prior to Trump's arrival YEN should gain a bit and after it will most likely weaken into the end of the year. I am sure Abe does not want an earful from Trump when Trump flies into Asia in November.

i see. which yen pair would you recommend selling then?

what are we looking at man, help a guy out one time...

Major shake up lol

GJ EJ down...UJ resilient. Not watching AJ.

Where did everyone go?

long



update:

My trading ideal about USD/JPY here:
The USD/JPY pair had strongly rallied last week with momentum indicator RSI(7) rose sharply to reach overbought level after retest 50% level. The MACD (6,13,5) indicator lines were also bottom near the zero line while price corrected nearly the MA (50). This setup is very bullish, thanks for weakness of Japanene Yen according to Abe's big winning general election. The green back was strengthened as the US Senate adopted a fiscal 2018 budget resolution – a prerequisite for any real progress on tax reform and a rumour about the next Fed chair maybe more hawkish than Yellen.
Trading strategies:
Buy stop USD/JPY at 114, stop loss at 113.4, target at 116
http://stockcharts.com/h-sc/ui?s=%24...80&a=552054285

USDJPY - 24 H / 1 Minute - with 3 Envelopes

USD/JPY is range-bound above the gap. Even if it recovers it I think it will keep moving up toward 114.20 - 114.40 so I opened a long position.

Retrace to the 112.8 will be just a gift @H4.
111.4 still actual support @daily.

PS I`m out of the trade for now. Will join with long from daily support (111.4 now) to the 117.8

If we break 114 again, it's looking like 114.69 from my TA

do you guys position trade or any daytraders of the usdjpy in here just wondering and what time frame you use

by the way money focus i saw your results very impressive

Almost exclusively day-trade and I use all time frames for my TA, but mostly watch price develop on M1

I agree with @Nicholishen,

Nobody knows where the price will go, or when the trend with reverse.

You can only do your best to protect your positions, and get out before the market moves against you, or starts to swing.

M1 is the best place to see price action formations as they develop. TA of course play a large role, and gives you the confidence.

thanks guys for the feedback. I trade currency futures trying to get funded with a remote prop group thanks again

Looks like we might be getting 113.50 UJ afterall...

enough reason for price to go down, but that fully depend on the crowd voice

But I expect the price can breach my TL

Yeah hope so..but this UJ is being a colossal pain and refusing to go down..I'm almost certain we won't see 113.50...