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USD/JPY Discussion

  • #76,541
  • May 16, 2018 7:19am May 16, 2018 7:19am
Quoting Bicarus
this is not related to analysis. but has anyone else recently realized that jpy pairs are now at 5 decimal places? or is it just me? {image}
maybe that is only your broker
Don't Worry Be Happy
  • #76,542
  • Edited 7:37am May 16, 2018 7:20am | Edited 7:37am
another thing, a no deal for NAFTA this week might cause this pair to drop since the market might become paranoid about the success of Trump's policies

http://www.cbc.ca/news/politics/trud...afta-1.4664453

Quote
The clock is about to run out on an unofficial NAFTA deadline, smack in the middle of Trudeau's three-day U.S. visit. Congress has told American negotiators it needs a signed NAFTA agreement by May 17; otherwise it won't be able to pass the deal during the current sitting.

After that date, Mexico's election — followed by U.S. midterm elections — will add new political uncertainty to the renegotiation process. If a new NAFTA deal is going to happen at all in 2018, it may be now or never.
Don't Worry Be Happy
  • #76,543
  • May 16, 2018 7:54am May 16, 2018 7:54am
you can bet that there probably won't be a NAFTA deal tomorrow and you can sell CAD/JPY from the daily and take profit at 81 maybe
Don't Worry Be Happy
  • #76,544
  • May 16, 2018 8:27am May 16, 2018 8:27am
Quoting MrPresident
you can bet that there probably won't be a NAFTA deal tomorrow and you can sell CAD/JPY from the daily and take profit at 81 maybe
Thank you for the information!
  • #76,545
  • May 16, 2018 9:18am May 16, 2018 9:18am
So, where from here ladies and gentlemen?

Looks like the market retracement from yesterday's rally has taken place (bottoming around 110.05).

Next meaningful stops at 110.50 and 111.00?

This has been a great pair to trade recently.

Anyone watching the comments from the sidelines, come on in, the water's lovely!
  • #76,546
  • May 16, 2018 11:24am May 16, 2018 11:24am
possible deeper pullback soon, unless it moves higher above 110.5.
Don't Worry Be Happy
  • #76,547
  • May 16, 2018 11:29am May 16, 2018 11:29am
We have FOMC next week,I am expecting it drop below 109 before that.
Your friendly neighbourhood Sith
  • #76,548
  • May 16, 2018 11:57am May 16, 2018 11:57am
My outlook remains bullish, but short term, if this retracement dips below 110, then I see it going to 109.50/60. If it breaks that price, then down at least another 100 pips.
  • #76,549
  • May 16, 2018 5:33pm May 16, 2018 5:33pm
So do we have an expected time set for NAFTA dealtommorow?

What would be the impact to U/J if we pull out of it/push a new one versus stick to original one?
Your friendly neighbourhood Sith
  • #76,550
  • May 16, 2018 8:16pm May 16, 2018 8:16pm
These bulls won’t stop. Obviously covering the longs they made back in February, when the Japs were dumping US bonds!
Learn, a forex trader must, unlearn and relearn he will.
  • #76,551
  • May 16, 2018 9:21pm May 16, 2018 9:21pm
Double top, I see!

Lol
Learn, a forex trader must, unlearn and relearn he will.
  • #76,552
  • May 16, 2018 9:27pm May 16, 2018 9:27pm
we may have an inverted rock chucker on oour hands (home school map makeing tremonogy, the little blue triangle is the place to watch,
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  • #76,553
  • May 16, 2018 9:32pm May 16, 2018 9:32pm
Quoting 4xjunkie
we may have an inverted rock chucker on oour hands (home school map makeing tremonogy, the little blue triangle is the place to watch, {image}

We see things most of the time, very similar.
Learn, a forex trader must, unlearn and relearn he will.
  • #76,554
  • May 16, 2018 9:38pm May 16, 2018 9:38pm
The rock has been chucked out of the triangle lets see what happens. just a little further than i expected.
  • #76,555
  • May 16, 2018 9:40pm May 16, 2018 9:40pm
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Learn, a forex trader must, unlearn and relearn he will.
  • #76,556
  • May 16, 2018 10:21pm May 16, 2018 10:21pm
I think the map will look like this.
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  • #76,557
  • Edited 1:25am May 17, 2018 1:01am | Edited 1:25am
Awaiting 110.5 reaction... Will it be touched or will take a breath.

ps
Broken 110.5
I think 109.45 is a good place for longs to the 111 or at least 110.
Forcemeat can not be unrolled back...
  • #76,558
  • May 17, 2018 1:34am May 17, 2018 1:34am
I think im off one bracket, back down to 110.13 good luck everyone.
  • #76,559
  • Edited 4:55am May 17, 2018 1:40am | Edited 4:55am
Took short from 110.5
Awaiting some bottom structure... But delivers only top ones ))
Took cover to the 110.7

ps
110.7 got hit.
i`m already on shorts, so no need to add more.

110.9 is on the way. 111 to be honest.

Just seeking the bounce point. 110.8 is untouched yet.
Forcemeat can not be unrolled back...
  • #76,560
  • May 17, 2018 2:26am May 17, 2018 2:26am
Quoting Luzbay
So, where from here ladies and gentlemen? Looks like the market retracement from yesterday's rally has taken place (bottoming around 110.05). Next meaningful stops at 110.50 and 111.00? This has been a great pair to trade recently. Anyone watching the comments from the sidelines, come on in, the water's lovely!
All on track, so far.
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