USD/JPY Discussion

Great bounce on the USDJPY from the 112.00 level to the 55 day EMA at the 112.75 level. The moving average may act as resistance and the pair may try to go back to the 112.00 level or the 200 day EMA. A breakout above the 113.00 level may take the pair to the 114.00 zone.

Prior to that it sliced right through the squiggly line. How come?

And you do you realize your data has a additional small bar for Sunday night trading (so 5 1/2 bars per week instead of the proper amount of just 5) which distorts MA calculations?

I'm not in front of the charts, but t took some more longs@ 112.6 I think that 112.5 holds, then up to 112.8 I believe..

I have 5 mini lot size longs around 112.050 area. Closed 3 entries around 112.630. Will keep the other 2 mini lot longs to run, with a stop at 112.330.

Nice to mention it .... now.

I see an inverted head and shoulders pattern here.

gbyjpy i see coould somethng like this.

ej something like this. sorry had the wrong one in here fixed it.

taking a stab gu, all of the pullback should be pretty shallow right now. as the week progresses they should get deeper.

any requests. im done for now.

nice test of 112.5 it should hold.

Try sell 3 lots mini size on 112.554, TP 111.93

they normally go after the letter E, E is usually the leg the fakes the breakout in the wrong direction.

just curious, what do you use to tell you to go long or short. the only thing i for a short signal is that price had moved under the moving average on your chart, the oscillator you use looks like it a buy. again just curious.

sorry for blowing up the thread with other pairs im a little under the weather right now. I thought i was else ware.

This could fly,

8hr looking good. if we around here we will have a trend continuation candle , or an inside candle,( thats what I call it, call it what you want) it did not take out the previous high and did not even try to challenge the the low and i believe that it should be the opposite color form the trend when it closes. next candle starts in 15m edit sorry it was an hour and 15 minutes still the same, I really don't like being ill.

Hello fellow traders,

Thinking H4 down trend to resume soon.

Thanks

bulls look weak, almost non existent right now...prefer to sell near 113ish...bears will target 111.60 to get a LL on the daily...looking for support below there, but nothing stands out right now...

dude, no offense, but you ever look at any bearish setups?