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USD/JPY Discussion

  • #74,701
  • Mar 20, 2018 2:20am Mar 20, 2018 2:20am
Quoting Redeflect
{quote} Of course. {image}
yeah, I know. amazing isn't?
newzTrader
  • #74,702
  • Mar 20, 2018 6:45am Mar 20, 2018 6:45am
So the house cleaning is proceeding nicely. Only question, is this the beginning of an upmove, or cleanse and continue down move?

So Japan is now trying to confuse everyone....
BoJ’s Amamiya: Doesn’t Rule Out Adjusting Rates Before Reaching Inflation Target
  • #74,703
  • Mar 20, 2018 7:59am Mar 20, 2018 7:59am
Quoting nealpek
So the house cleaning is proceeding nicely. Only question, is this the beginning of an upmove, or cleanse and continue down move? So Japan is now trying to confuse everyone.... BoJ’s Amamiya: Doesn’t Rule Out Adjusting Rates Before Reaching Inflation Target
Is very strange now, someone changed the price of the USD Index too. 106.70 is resistance H1. Let's see if confirm this point.
Together we can be strongest
Vantage Return This Month: na
  • #74,704
  • Mar 20, 2018 8:06am Mar 20, 2018 8:06am
Still bearish UJ..

How great can the economy be -

https://www.frbatlanta.org/-/media/d...kingSlides.pdf
  • #74,705
  • Mar 20, 2018 8:35am Mar 20, 2018 8:35am
This thing is setting up so nicely for a fall. After it collects above, look at the orders sitting below just waiting to be picked off. Hoping for another leg up first to get better trade positioning!
Attached Image (click to enlarge)
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  • #74,706
  • Mar 20, 2018 8:46am Mar 20, 2018 8:46am
Quoting nealpek
This thing is setting up so nicely for a fall. After it collects above, look at the orders sitting below just waiting to be picked off. Hoping for another leg up first to get better trade positioning! {image}
And tomorrow we can see 106.00 before the red news.
Together we can be strongest
Vantage Return This Month: na
  • #74,707
  • Mar 20, 2018 8:50am Mar 20, 2018 8:50am
UJ behaving about like I would expect with low news today and FOMC tomorrow. Maybe some to make on the scalps, if you avoided the news out of Japan during the London session, or rode the news.

I have no clue what is going on with the EU. G20 summit causing the move this morning?
  • #74,708
  • Mar 20, 2018 9:46am Mar 20, 2018 9:46am
i think there is more upside coming

it doesn't want to go down
Don't Worry Be Happy
  • #74,709
  • Mar 20, 2018 9:57am Mar 20, 2018 9:57am
Quoting MrPresident
i think there is more upside coming it doesn't want to go down
Ithink you seem to be right.
At the moment UsdJpy is trending sideways in 10-12 pips range 106.35 and 106.45
  • #74,710
  • Mar 20, 2018 10:07am Mar 20, 2018 10:07am
price is at 106.5 good place to short it imp. with the double top in place good luck everyone
  • #74,711
  • Mar 20, 2018 6:58pm Mar 20, 2018 6:58pm
Quoting RondaRousey
long @ 106 Any pros, semi pros, noobs want to trade against me?

Challenge accepted.
[email protected]
  • #74,712
  • Mar 20, 2018 7:05pm Mar 20, 2018 7:05pm
The 106.00 level is still acting as a support on the USDJPY, but the pair is really boxed between that level and the 107.00 zone. The 55 day EMA is still pointing down, indicating that the bearish trend may continue.
  • #74,713
  • Mar 20, 2018 7:13pm Mar 20, 2018 7:13pm
Quoting trademark
The 106.00 level is still acting as a support on the USDJPY, ...
It is huh?

Here is 106 for the whole month of March.

And the daily bearish trend has been in place since early January if not before. Price says that, not a derivative.
Attached Image (click to enlarge)
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  • #74,714
  • Mar 20, 2018 7:43pm Mar 20, 2018 7:43pm
Here's where im at since my return from my year long hiatus.
Elliot wave theory takes the cake for showing the most progress in my trading.
With that said, If i was live on this trade (which im not) my position would be long.
Just sayin'..
  • #74,715
  • Mar 20, 2018 7:52pm Mar 20, 2018 7:52pm
People often forget that, out of a market and waiting, is a position too!!
  • #74,716
  • Mar 20, 2018 8:01pm Mar 20, 2018 8:01pm
Another thing not to forget, FOMC tomorrow.
  • #74,717
  • Mar 20, 2018 9:21pm Mar 20, 2018 9:21pm
Quoting thevegan
{quote} Challenge accepted. [email protected]
looks like it's becoming a 5-15min support
I will get my head around this, but always can be wrong
  • #74,718
  • Mar 20, 2018 11:00pm Mar 20, 2018 11:00pm
1 hr thinking short
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 74 KB
  • #74,719
  • Mar 20, 2018 11:50pm Mar 20, 2018 11:50pm
Something to be prepared for, for tomorrow. THE USD treasuries have seen their largest GAP up above the FEDERAL FUNDS rate in 10 years. After each FEDERAL Funds Rate increase we see the USD get weaker. Expect a interest rates increase followed by the YEN, getting stronger.
Attached Image (click to enlarge)
Click to Enlarge Name: FED3.jpg Size: 103 KB
Learn, a forex trader must, unlearn and relearn he will.
  • #74,720
  • Mar 21, 2018 1:21am Mar 21, 2018 1:21am
Quoting COGSx86
Something to be prepared for, for tomorrow. THE USD treasuries have seen their largest GAP up above the FEDERAL FUNDS rate in 10 years. After each FEDERAL Funds Rate increase we see the USD get weaker. Expect a interest rates increase followed by the YEN, getting stronger. {image}
Thanks Master Yoda...
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