USD/JPY Discussion

Well at least I enjoyed my chardy, and my EJ sell was a cracker. The good thing about my EJ short was that my TP was actually hit.
I'm still not bullish UJ, and the squiggly line haters probably shouldn't look at my charts because I've added a 200SMA too #giggles. I think (not taking news, fundamentals etc into equation, pure TA only) that the EJ might offer better trades next week as there's increasing volume on daily, and it stopped below resistance, as well as below all 3 squiggly lines.
The UJ on the other hand might just be checking resistance at 50 SMA before heading south, BUT it also had increasing volume with bullish finish.
The EU weekly, after hammer and strong bull week, has suddenly lost its zest with a possible shooting star rejection of higher resistance.
So I'm looking to short EJ .. as first preference, but of course FOREX plans need to be loose
Sorry just decided to add one more chart, I will be watching closely to see if UJ breaks back up above 23.6 fib daily, or back below the diagonal TL

uj looks more bullish to me now.

HI VIEW

updated view.
i could be targeting 114

already halved my stop.
targeting 111.5 ish.

for this reason.

stopped out.

Kuroda speaking in about an hour..could see some spikes..which way? beats me.lol

Thanks for sharing your charts and reasoning . The UJ has been a challenge, shall we politely say, for a while.

Had a cracker day shorting EJ, but closed those and now finally feeling bullish UJ as it has increasing volume and back above 110.955. Risking 1 trade,

sold some at 110.93, risking 10, looks like there is room to the downside to start the week...

edit

covered at 98 for a minus 5.....didn't feel right, will looks elsewhere

Looks bullish from the charts..not too confident though

i should change my name to shit for luck.

Saw you're SL, someone must of, hmm, herpa derp

Slow day it will be, labor day is upon us.

i didn't give it enough room to breathe moving my sl to quick.
i messed up.

Ah dont say that, what you saw was a legitimate pattern. If it breaks .183 who knows how high it will go. Its monday with low volume, anything is possible.

closed my uj long, Now short EJ. Had EU short but closed it to limit exposure and concentrate on EJ
NB TP 1of 2 trades at 128.806. leaving other BE. Now I only have the one trade in play, but have banked decent daily profit.

some support 110.930 ?

I thought it bounced off the 100SMA on the H4
EDIT: Sorry cut off the price axis... low at .907

yes, now its an H4 doji. Japan will direct us in 20 min. hold on