USD/JPY Discussion

Lol . I'm with the President . Killer whales , dragons , all good. It helps visualise key market participants and more importantly who to watch out for.

I watch price - only.

What do you think about this...it all about next week

my 1 hour channel

next week on March 4th is the Italian general election and there will likely be plenty of volatility

the last general election on 24–25 February 2013, resulted in big swings for this pair

i think the same can be expected next week on March 4th where the top can be near 110 or 108.5 and the bottom at 105

I have my doubts about that. Though the Euro I suppose.

no, not only EUR

bonds yield too and JPY

should be an easy way to make lots of money hehe, sell on the morning of March 5th, ~9am EST

Not U.S. bonds and not USD pairs other than like I said Euro ones like EURUSD or maybe USDCHF.

watching 107 to 108 for a reversal down pattern, business as usual if usdx stays below 91

USD/JPY will move, look at the historical chart for past EU elections for France/Italy

Wait usd/jpy

Are you tracking the USDJPY this week? Consider this top-down technical perspective.

Price action on the pair continues to be disposed southward. On the weekly time frame, after a period of consolidation in late January 2018 to the first week in February, bears took price action southward two weeks ago, printing a relatively large bearish candlestick which inched to the immediate support zone around the 105.140 area (magenta). Last week, bulls took price action further northward but the attempt was checkmated by bears, leading to the printing of an inside candlestick; a strong indication that bears are intent on taking price action further southward. We may see bears target the 103.180 area as they push through the 105.140 area (purple) this week. This may expose the 102.350 handle (red). The technical structure on the weekly time frame favours the bears.

On the H4 time frame, although the price action is operating in a descending channel, the bearish candlestick prints are more prominent than the bullish ones, a strong technical indication for further bearish influence. Bears are likely to first take out the minor support around the 105.540 area before we see much resistance from bulls.

I may be wrong. Trade safe and prosper.

KP

Gap up today on U/J and other pairs.

I'm selling U/J and E/J at market open.

My U/J target is around 105.9.

Yeah in short now as well bounced down exactly where i predicted. 1 position entered.

haha, this beast can't even get past 107.3

time to fall down again

Not because of USD at the moment but because of jpy it can go up.

I was wrong. The Euro even had no real reaction.

Hehe i would call its sister gbpjpy that but this one is ok for now Mr President.

This mornings breakfast are yummy pips. Keep falling <3