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USD/JPY Discussion

back down it goes, failed to move over 109.3
Don't Worry Be Happy
it will not go far down
If you don't know how to earn money, don't loose it.
Quoting coolmakina
it will not go far down
it might go to 108 next week and below
Don't Worry Be Happy
it might...

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If you don't know how to earn money, don't loose it.
i was joking... i have close because i can't follow the trade....
but it might give 10 pips...

:9 have a nice weekend
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If you don't know how to earn money, don't loose it.
Quoting MrPresident
{quote} it might go to 108 next week and below
I dont know, but i think it is going bellow of 100.xx, around of 86.xx .
Together we can be strongest
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Here's what I see (not to be taken too seriously):

*Daily chart* shows price rebounded quickly after touching the 150 EMA line, and closed above it, indicates that market still favours the bull. Keep an eye on the 200 SMA, could be a turning point for the bears to take over.

*Weekly chart* shows that bulls tried to push above the the buy zone, however bears took control and push price back down to the 150 EMA line.

Have a nice weekends!
Live to fight another day
Hello,

This is how I see USD JPY in W

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Quoting Jairote
Hello, This is how I see USD JPY in W {image}
is it going up or down?
Don't Worry Be Happy
Quoting MrPresident
{quote} is it going up or down?
The price broke down the TL and now it is re-testing the TL. The last week bar is a pin bar so all of this show me a bearish market. MrPresident: It looks to me that USDJPY goes down.
I had to double take, when I came across this.
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Learn, a forex trader must, unlearn and relearn he will.
Quoting COGSx86
I had to double take, when I came across this. {image} {image}
I dont get it
Quoting jagdpanther
{quote} I dont get it


See any similiarties do you?
Learn, a forex trader must, unlearn and relearn he will.
Quoting COGSx86
{quote} See any similiarties do you?
No other than its the same chart and time there are no similarities...

but then again im a noob so not sure if there's some underlying pattern...
Quoting jagdpanther
{quote} No other than its the same chart and time there are no similarities... but then again im a noob so not sure if there's some underlying pattern...

This is what got me as well, I had both charts on my pc pulled up on each of my monitors and had to double check because they look so similar but they aren't. The first one is from August 8th to 11th, the second is the current situation.

The news event on the 11th of August was from the CPI, came in below expectations. .1% vs .2% expected.

Fridays NFP came in below expectations, 164k vs 190k.

When the US economy is showing signs of weakness the USD gets stronger, less chance of fed rate hike, and easy money in the US. On top of that, short term treasuries yields have been flat lining the past 2-3 weeks and have dropped the past 5 days. This is a sign investors are buying bonds again. Another recipe for a stronger USD.

Now technically, 5 waves down, in a demand zone, with a large rejection from the large volume news events. With price consolidating. A break above we are looking at the 109.230. If we see this break we will more then likely see price retest the high @ 109.9 or at least hit 109.7.

Currently I also have some other on char patterns giving me some bullish activity. This all could be wrong with the break below 108.66 and if it is, no big deal.
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Learn, a forex trader must, unlearn and relearn he will.
Quoting COGSx86
{quote} This is what got me as well, I had both charts on my pc pulled up on each of my monitors and had to double check because they look so similar but they aren't. The first one is from August 8th to 11th, the second is the current situation. The news event on the 11th of August was from the CPI, came in below expectations. .1% vs .2% expected. Fridays NFP came in below expectations, 164k vs 190k. When the US economy is showing signs of weakness the USD gets stronger, less chance of fed rate hike, and easy money in the US. On top of that, short...

ah ok now i get it.

Shame - I would have felt more confident if you had said "Yea this thing is 100% going down to 100.000 today" but alas I have some doubt in my mind against the short I opened
I think is going to retest the low. then go up
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Quoting 4xjunkie
I think is going to retest the low. then go up{image}
+1 for retest the low, probably a refresh the low. For me, 108.3 must get bought again, but ok for just retest LL.
PS from the fresh top (very unlikely to hold 110.7 level), which will form a divergence on h4, i will take short to the weekly support @106.6... then will see... 104.7 and 103.3 can take place.
Forcemeat can not be unrolled back...
Usd/Jpy pulled back and consolidating short term, but long term the pair still appear to be bullish. Break below the support level around 108.63 could signal a deeper pullback.
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