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USD/JPY Discussion

  • #76,461
  • May 13, 2018 1:16am May 13, 2018 1:16am
I expect a slight increase in the north.
h1 in motion space.
109.50 minimum.
I hope so.
  • #76,462
  • May 13, 2018 5:47am May 13, 2018 5:47am
no real news to support USD except maybe retail sales if the number is good

109.5, 109.8, and 110 is resistance

109.3 and 109 is support

below 109, the pair could go to 108

bullish momentum is slowing down as 110 failed to break twice but pullbacks were sharp

this week could result in more USD selling, be careful since you can be caught in a trend reversal
Don't Worry Be Happy
  • #76,463
  • May 13, 2018 5:57am May 13, 2018 5:57am
222 pattern

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  • #76,464
  • May 13, 2018 8:58am May 13, 2018 8:58am
Tarriff wars round 2:

https://www.wsj.com/articles/auto-ma...fta-1526063070
Your friendly neighbourhood Sith
  • #76,465
  • May 13, 2018 9:57am May 13, 2018 9:57am
Definitely a sell. However much activity to go, I only do long-term trends. This is a phase of equalisation, we've just had a large move downwards, now it's a classic 'correction.' Fair value for this pair is around 110. So a range is extremely likely for the foreseeable future. Wouldn't be surprised if it edged higher to 111.50. That to me is an amazingly good price for a sell order.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #76,466
  • May 13, 2018 11:05am May 13, 2018 11:05am
Quoting CannonScout
Definitely a sell. However much activity to go, I only do long-term trends. This is a phase of equalisation, we've just had a large move downwards, now it's a classic 'correction.' Fair value for this pair is around 110. So a range is extremely likely for the foreseeable future. Wouldn't be surprised if it edged higher to 111.50. That to me is an amazingly good price for a sell order.
maybe higher oil will help to lift this pair to 111 in the short term

medium/long term, the pair is likely to trend lower
Don't Worry Be Happy
  • #76,467
  • May 13, 2018 3:16pm May 13, 2018 3:16pm
What an opening session, still waiting for 109.48 to fill a sell limit.
  • #76,468
  • May 13, 2018 7:26pm May 13, 2018 7:26pm
Bulls don’t want to give up just yet, could be risky for bears
Don't Worry Be Happy
  • #76,469
  • May 13, 2018 9:04pm May 13, 2018 9:04pm
Quoting MrPresident
{quote} maybe higher oil will help to lift this pair to 111 in the short term medium/long term, the pair is likely to trend lower
Something like that. I expect it to just be ordinary market behaviour. People forget that the majority of activity is just standard global trade humming along. It's not JUST traders who speculate.

'Markets tends towards extremes' is an old idiom. I'm betting on a continuation of the previous move downward. But I don't expect it to occur anytime soon. A correlated timeframe is around July. This pair does range for considerable periods. "Just sit on your hands!" Mr Lefrevre said.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #76,470
  • May 13, 2018 10:27pm May 13, 2018 10:27pm
Usd/Jpy has failed twice to break above the resistance at 110.04, currently trading sideways around 109.40, showing no clear direction.
  • #76,471
  • May 13, 2018 11:55pm May 13, 2018 11:55pm
110 (and up, which is not likely to be for my view) is now a short area. be carefull. green pips.
Third 110 touch can be shorted in a hard manner.
Forcemeat can not be unrolled back...
  • #76,472
  • May 14, 2018 5:40am May 14, 2018 5:40am
waiting for 110 or 110.5 to sell

stop above 111

target 108
Don't Worry Be Happy
  • #76,473
  • May 14, 2018 8:36am May 14, 2018 8:36am
Continues the bull, bear fight, it does.
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Learn, a forex trader must, unlearn and relearn he will.
  • #76,474
  • May 14, 2018 8:48am May 14, 2018 8:48am
109.63 is resistance level for bulls.UJ tried breaking past it but couldnt keep its head above the water.
Your friendly neighbourhood Sith
  • #76,475
  • May 14, 2018 9:09am May 14, 2018 9:09am
Quoting darthPip
109.63 is resistance level for bulls.UJ tried breaking past it but couldnt keep its head above the water.
110, 110.2, and 110.5 are the bigger resistance levels to watch out for

the pair could still exceed 106.6 and move higher before stalling out and falling back down
Don't Worry Be Happy
  • #76,476
  • May 14, 2018 9:21am May 14, 2018 9:21am
Quoting MrPresident
{quote} 110, 110.2, and 110.5 are the bigger resistance levels to watch out for the pair could still exceed 106.6 and move higher before stalling out and falling back down
Perhaps it wont touch 110 again.To your point of oil prices,its because of a potential conflict which will strenghten Yen.US cannot afford to stay out it,USS Truman carrier strike group is already in the area Its a tinderbox now.
Your friendly neighbourhood Sith
  • #76,477
  • May 14, 2018 11:05am May 14, 2018 11:05am
Given up, the bulls haven’t.
Learn, a forex trader must, unlearn and relearn he will.
  • #76,478
  • May 14, 2018 11:42am May 14, 2018 11:42am
USD/JPY is trading at daily highs, but yet 110.00 remains hardly to achieve.
  • #76,479
  • May 14, 2018 11:46am May 14, 2018 11:46am
Quoting Lot77
USD/JPY is trading at daily highs, but yet 110.00 remains hardly to achieve.
give it some time
Don't Worry Be Happy
  • #76,480
  • May 14, 2018 2:33pm May 14, 2018 2:33pm
still very bullish
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