USD/JPY Discussion

mmm I might be calling early but it did a cute bounce on M15. But to be fair i have followed your call on many occasions and made some beer money so ill watch a little longer to see what she does.

mm yea im going long sorry Mr President on this occasion I wont be following your lead.

Possible pattern on 15 min?

Edit: Jagdpanter ,Sorry I saw the chart is almost a repeat.Ill keep my ugly artwork as well however

Haha yep using the old snipping tool

Im thinking 108.50

Trumps Iran decision to come tommorow.Bibi prepping up for Iranian retaliation...Going to be crazy next few days.

Long @ 108.92 off a retest of a Tim Morge "energy point". And who said forex trading can't be sexy? Risking 14 pips for 31.

RENKO BRICK SIZE = 6.0 (10% of the 20 ADR)

mmm also starting to see a descending triangle pattern forming on my line. And everyone on here i normally listen to is saying short... Oh the dilema... I think im tilting toward the majority on a sell... Close my long with $0 loss

it dosen not seem to want to go down yet, 108.40 could do it.

I'm seeing a short too

short the line break?

DX looks exhausted at this stage + good r/r

UJM240



trade safe

For me, the fate of the pair today rests on whatever Trump has to say about the Iran nuclear deal.

Until then, I'm happy to continue to respect the established trendline.

Master Yoda,

What does dissing the US dollar mean?

Thanks

Very little volatility in the market, looks like price is being funnelled into a small channel before breakout.

Eyes peeled

Aaven, the timing of your reply gets me to chuckle. As 3-month treasuries, today, have made a new 10 year high, sitting @ 1.884 I was bullish on USDJPY but as I wake up and see the pair has stalled, at this point I can't be 100% sure which way the market wants to go.

For this reason, at this point it is a wait and see type game.

As for the screenshot, its showing, at points when the pairs hit extreme on either side, due to the action on the US futures market. The lower line is inverted to show this correlation. The pair will more then likely have a strong push when it reaches the extremes on either side according to the data. In this example, with the accumulation of large speculators we see a possible USD rally.

As we see right now on the chart, the fight between Bulls and Bears is hitting a key juncture. Japan bears dropping US treasuries, bringing money back to Japan. and US Bulls wanting a dollar rally.

Attached is the DXY weekly, clearly showing the bullishness of the USD, but as we all know the market doesn't move in a straight lines.

When SMA 100 and 200 doesnt even know wtf this pair is doing... Done nothing all day and I gotta hit the bed. Closing all positions. Have fun in the US session everyone...

i will sell again after the Iran deal decision is announced

I have second thoughts about this now.We knew what he is going to do with the iran deal even before elections.

Formal announcement is just giving stuff to media to talk about for next 2-3 days.

i would only buy above 109.5 today

There should be a wicked reversal cumming, dont chase it, i think 109.4x will be the top. good luck everyone. i think 108.45 final call on the low.