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USD/JPY Discussion

  • #78,541
  • Oct 8, 2018 2:34pm Oct 8, 2018 2:34pm
D1 UJ will be sideways for next couple day
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  • #78,542
  • Oct 8, 2018 3:05pm Oct 8, 2018 3:05pm
Quoting voketexpert
D1 UJ will be sideways for next couple day {image}
can you give an idea of how much distance for each pip when the sideway occurs ...? because I'm a little worried about the eur jpy currency as I posted before, I don't think there will be a flooting
  • #78,543
  • Oct 8, 2018 3:20pm Oct 8, 2018 3:20pm
Quoting donfriday
{quote} Such move on monday is weird....something is not right...i believe UJ will turn bearish soon but still waiting.
I agree such big move in bank holidays day. anyway we still bearish I am expecting 111.8x soon and 113.5x will be tuff to break above
  • #78,544
  • Oct 8, 2018 6:20pm Oct 8, 2018 6:20pm
Quoting newtraderer
{quote} can you give an idea of how much distance for each pip when the sideway occurs ...? because I'm a little worried about the eur jpy currency as I posted before, I don't think there will be a flooting

If you're in a trade and you're worried about it, time to close the trade. EJ is in a bearish channel H4, it's last H4 candle was quite a bullish one at support on lower edge of channel. It might creep up to 130.???? but there is plenty of downward room. I'd be surprised if it goes straight down now, I would imagine over the next 12-24 hours it will creep up, but who knows
  • #78,545
  • Oct 8, 2018 9:15pm Oct 8, 2018 9:15pm
Good pullback on the USDJPY to the 113.00 level where it has found a good support level. Below that zone, the next support level could be around the 55 day EMA at the 112.21 level. To the upside, the 114.00 level could act as resistance.
  • #78,546
  • Oct 9, 2018 2:47pm Oct 9, 2018 2:47pm
USD/JPY dipped below 113.00 today, but reversed and started to retrace its losses. Now the pair is again below this level and indicators on the four hour time frame had lost directional strength. The price is developing below its moving averages and first resistance is provided by the flat 100-day SMA at 113.06.
  • #78,547
  • Oct 9, 2018 5:05pm Oct 9, 2018 5:05pm
Quoting okshop
UJ {image}
UJ Daily
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  • #78,548
  • Oct 9, 2018 7:54pm Oct 9, 2018 7:54pm
still sideways with nice bearish daily close. I wonder if we can call it head and shoulders if we break the neckline

I would expect some kind of support near the white circle or pink line which where I might take profit of my short when we reach there but doesn't mean its the bottom it might be just a dead cat bounce.

looking forward for strong resistance in the area between 113.5x to 114 to move down below 112
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  • #78,549
  • Oct 9, 2018 11:24pm Oct 9, 2018 11:24pm
I got to call it bearish also...flagging on the four hour now, a break will open a test of 112.50 and 112 I suspect...
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  • #78,550
  • Oct 10, 2018 5:11am Oct 10, 2018 5:11am
For Bulls, first real test, it is.
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  • #78,551
  • Oct 10, 2018 5:57am Oct 10, 2018 5:57am
took some shorts at 113.20ish, risk 25
Look Sharp/Trade Tight
  • #78,552
  • Oct 10, 2018 8:49am Oct 10, 2018 8:49am
looks like we start to follow the S&Ps a little now....still in this two day bear flag on the 4hr...Spuz and Naz testing daily/weekly S here....bbl
Look Sharp/Trade Tight
  • #78,553
  • Oct 10, 2018 9:10am Oct 10, 2018 9:10am
Quoting okshop
{quote} UJ Daily {image}
DAILY (2nd Entry)
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  • #78,554
  • Oct 10, 2018 9:22am Oct 10, 2018 9:22am
Quoting okshop
{quote} DAILY (2nd Entry) {image}
nice same entry on eu bottom..but no new entry yet..waiting for daily to close..
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  • #78,555
  • Oct 10, 2018 9:31am Oct 10, 2018 9:31am
Quoting donfriday
{quote} nice same entry on eu bottom..but no new entry yet..waiting for daily to close..
Self discipline It is a practice
  • #78,556
  • Oct 10, 2018 9:39am Oct 10, 2018 9:39am
simple classic analysis we have 2 targets now

one for the triangle

one for the flag

so keep holding short guys you can TP on the 1st or 2nd target if you are in a hurry

for me depend how the market will accelerate but am thinking to close my short on Friday or sunday but also it depend how deep the price will fall
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  • #78,557
  • Oct 10, 2018 10:01am Oct 10, 2018 10:01am
there is a slight small chance that UJ will bounce at 112.3x~112.4x area back to 113.00 area then again down to break the 112

but its just a small chance and big risk
  • #78,558
  • Oct 10, 2018 1:28pm Oct 10, 2018 1:28pm
As seen on the four hour time frame, the USD/JPY pair is struggling to preserve its early gains. The price is now looking for direction around the flat 100-day SMA and the bearish 20-day SMA. RSI and stochastic remain within negative territories, but both are directionless. There are no obvious signs for upcoming steeper recovery, as the pair will have to accelerate through 113.60 in order to enter into bullish ground, while a break below 112.75 would enlarge the risk toward the downside.
  • #78,559
  • Oct 10, 2018 2:26pm Oct 10, 2018 2:26pm
Quoting PayTheLimit
looks like we start to follow the S&Ps a little now....still in this two day bear flag on the 4hr...Spuz and Naz testing daily/weekly S here....bbl

of course, yen gets stronger when usa fallls
  • #78,560
  • Oct 10, 2018 3:40pm Oct 10, 2018 3:40pm
I will be closing al my shorts at 112.00 the profit will be total of 220pips when my target hit

closing at 112 doesn't mean it will be the bottom. its just I want to be safe and exit earlier

I am still bearish in this pair and I will not be surprised to see it down between 107 to 111

its just I want to exit and may be I sell higher later if I get lucky and it make a decent bounce
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