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USD/JPY Discussion

  • #76,841
  • Jun 4, 2018 12:39am Jun 4, 2018 12:39am
The pair remains positive this morning, I'm expecting bullish continuation, set my target at 110.40.
  • #76,842
  • Jun 4, 2018 3:49am Jun 4, 2018 3:49am
Hoping for a brief retracement of sorts. Ideally I could buy at 109 on late Tuesday or Wednesday or something.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #76,843
  • Jun 4, 2018 4:17am Jun 4, 2018 4:17am
Quoting CannonScout
Hoping for a brief retracement of sorts. Ideally I could buy at 109 on late Tuesday or Wednesday or something.
My charts suggest an opportunity at 108.95.
  • #76,844
  • Jun 4, 2018 4:25am Jun 4, 2018 4:25am
Quoting Luzbay
{quote} My charts suggest an opportunity at 108.95.
Jesus exactly the same as me. Specifically 108.92. All is subject to change though. I want the retrace to take a few days, then they underlying activity might be optimal for that event.
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Humans are naturally hardwired to avoid and detest uncertainty.
  • #76,845
  • Jun 4, 2018 4:38am Jun 4, 2018 4:38am
Quoting CannonScout
{quote} Jesus exactly the same as me. Specifically 108.92. All is subject to change though. I want the retrace to take a few days, then they underlying activity might be optimal for that event. {image}
To add weight to your case, if the retracement does take a few days, those holding short swap positions will probably want to offload to stop getting stung by the negative swap, creating more buying pressure.

I like it!
  • #76,846
  • Jun 4, 2018 5:44am Jun 4, 2018 5:44am
Quoting Luzbay
{quote} To add weight to your case, if the retracement does take a few days, those holding short swap positions will probably want to offload to stop getting stung by the negative swap, creating more buying pressure. I like it!
True, but I am bearish on the pair funnily enough. I just know that it may take some time and the ranging history makes me patient.

But yeah that swap rate is a bitch. With rate hikes on the way, downtrends could be out of the question for a time.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #76,847
  • Jun 4, 2018 6:23am Jun 4, 2018 6:23am
Quoting MrPresident
{quote} Because it has failed to move away from the DMA. It is being rejected and is now moving lower but that could change if the pair turns bullish. look at the chart, very simple to see the price being rejected.
How about the times when price cuts right thru them? What then?

If there is any basis for them why do they "work" only some of the time?
  • #76,848
  • Jun 4, 2018 7:18am Jun 4, 2018 7:18am
Quoting SunTrader
{quote} How about the times when price cuts right thru them? What then? If there is any basis for them why do they "work" only some of the time?
works better on daily chart than some Gann/wave/Fibonacci analysis witchcraft
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Don't Worry Be Happy
  • #76,849
  • Jun 4, 2018 7:43am Jun 4, 2018 7:43am
USD/JPY is trading around 109.50, just below the 50% Fibo of latest bearish run. Indicators has lost directional strength although remain within oversold area. It seems that the pair is consolidating before next upward move.
  • #76,850
  • Jun 4, 2018 9:05am Jun 4, 2018 9:05am
Quoting MrPresident
{quote} works better on daily chart than some Gann/wave/Fibonacci analysis witchcraft {image}
Now you're being ridiculous. No reason to bring others things you don't understand into the discussion.

Though nice aerodynamic sprayjob hairline there.
  • #76,851
  • Jun 4, 2018 10:26am Jun 4, 2018 10:26am
daily trend is bearish
lower high probably is done and we are waiting a big move down
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  • #76,852
  • Jun 4, 2018 10:31am Jun 4, 2018 10:31am
Quoting 4experience
daily trend is bearish lower high probably is done and we are waiting a big move down {image}
I'm with you, on this.
  • #76,853
  • Jun 4, 2018 12:51pm Jun 4, 2018 12:51pm
Quoting theDHT
{quote} We're probably headed back up
as headline and geopolitical risk subsides from memory, I am expecting a retest of 111 soon... before continuing higher

J7 H4
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90% of people, are wrong about 90% of everything, 90% of the time...
  • #76,854
  • Jun 4, 2018 3:38pm Jun 4, 2018 3:38pm
Entered long. If it can breach 110 it will be smooth sailing imo.

Super technical noob analysis below.

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Kinda feel the fall was just a retracement but if it was a reversal I dont see it being rejected at 50% fib level.

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  • #76,855
  • Jun 4, 2018 4:57pm Jun 4, 2018 4:57pm
closed just under 110 because im a little bitch and wasnt sure if it could break it.
  • #76,856
  • Jun 4, 2018 7:19pm Jun 4, 2018 7:19pm
Quoting jagdpanther
closed just under 110 because im a little bitch and wasnt sure if it could break it.
good move imo. should move with some intent to 109.00 then the momo comes for the ride 110.58.
  • #76,857
  • Edited 8:47pm Jun 4, 2018 7:51pm | Edited 8:47pm
it might take another shot at 110.00 first. well see.
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i believe we just passed the triangle. and 110.00 it at the red line.
  • #76,858
  • Jun 4, 2018 9:41pm Jun 4, 2018 9:41pm
Nothing new under the sun
my positions are red at this step
just have to wait the LL if not.... SL will be hit
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  • #76,859
  • Jun 4, 2018 10:38pm Jun 4, 2018 10:38pm
110.00 sell limits filled I believe there will be one more run at it only 109.98 should get filled. target, 109.0x ,buy limit is at 109.01 good luck.
  • #76,860
  • Jun 4, 2018 11:33pm Jun 4, 2018 11:33pm
USDJPY_4hr_10s_&_2s
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