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USD/JPY Discussion

Yen has had a lot of nice signs of strength over past 24 hours, will it finally break huge resistance above or dive downwards?
instagram: stepbystepforex
Looks like we're moving...toying with the 114 handle
It is always a stop hunt ... when it goes against you.
Quoting SunTrader
It is always a stop hunt ... when it goes against you.
Find a trend and milk it for all it is worth. That's how to be profitable
Quoting Olu
{quote}
Hey The Big "O". How ya doin'?
While I haven't been able to take any good longer term swing trades lately the past few weeks/months shorting u/j during Asian session has become a profitable staple trade.
  • Post #71,087
  • Quote
  • Edited Nov 3, 2017 12:20am Nov 2, 2017 11:50pm | Edited Nov 3, 2017 12:20am
Back in the chop, the more we go through the sooner it will be over. if i had to guess this is what i would be looking for , really want to say the blue line, is the line in the sand.
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edited chart
Ohh what a consolidation. I am waitng for a spike up to get a better sell price.
If I had to guess a good support today, I guess 113.37....
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Look Sharp/Trade Tight
On a side note: if we look at the US NFP data tonight (8.30pm my time), forecast actually shows significant improvement from last month, which will strengthen the greenbacks, leading to a bullish UJ to probably 114.4 mark or even higher? Any opinions on this?
Live to fight another day
to the upside 115.00 is becoming clearer, on the downside 113.138 could act the support, that is if it gets there.
Keep the Lights on then you can catch the rise from the dark.
Quoting James0205
On a side note: if we look at the US NFP data tonight (8.30pm my time), forecast actually shows significant improvement from last month, which will strengthen the greenbacks, leading to a bullish UJ to probably 114.4 mark or even higher? Any opinions on this?
Yes, Needs positive data to break the strong resistance
Om Namah Shivaya
I'm going to face the NFP today with a fork..

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My 2cents
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When the jobs numbers come out worse than expected this baby's going down
Trap is out for bull.
EU

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stopped, but re-entry..

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UJ

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update:

the fork is fine
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Quoting Mwfinad1211
When the jobs numbers come out worse than expected this baby's going down
Boom! Huge block of sell orders at 114.13. Jobs reports was just an excuse and event to draw liquidity... Sooner or later its gonna drop from this level and there won't be anyone left to BTFD until lower levels.
Why such concern about what "they" do?
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