USD/JPY Discussion

On the weekly I can definitely see it lower, but on the Daily, technically this is previous support level.

Should watch for break and drop to 104

It's just all risk-off driven. If Equities find foot, UJ will find strong support in that last May SL support zone (108.7x-108.1x), otherwise it's direct to 106.6x imo.
But macro & monetary wise, there is no reason (yet) to break down 108 handle. I'm flat here now and looking for an opportunity to go long in current area.

Trying a long here 109.2x for ideally 110.1x, 110.7x and 111.4x
Might look like a sucker game as price hasn't built yet a floorTA wise, but Equities are finding foot

Yesterday when I opened to trade I saw 62% of traders long UJ, this am its 59%. I'm curious what percentage changeover of traders happened, how many cut losses and how many entered new positions. When I saw the 62% I did a post showing some TL for weekly and daily and wondering why people were long when it looked like there was a fair bit more fall to go, especially if it was to replicate the drops of last year. Anyway I doubted myself, and my TL, and after my BE longs instead of simply reversing my trade to shorts and doing well I drifted over to EU and closed longs there right on support before it broke up, losing some, and then trying some EJ longs when E sky rocketed, only to be stopped out for another loss, so yesterday was a crap first day back at school for me. On the upside, I like SL so I always know how much I'm risking. Now I need to do some study on why the E has tanked so badly as I really want to long it. I'm not sure I'll trade UJ today, glad its found some support though.
I also missed EU break up yesterday as I only use my laptop with 1 projector monitor on which I find displaying currency matrix (say EU EJ, UJ,DAX..) too crowded, so wondering if I need to become a crazy multi screen trader and have an extra monitor for currency matrix monitoring. Anyways.. anyone trading today please share your trading ideas, I like it

This last move was total manipulation. Buying was outstripping the sellers. HFT needed to fill orders

yo what is happening to USDJPY ? is CBJ interfered ? cuz it just free fall like 200pips in seconds !!!

This pair has just broken.
On oanda within minutes it goes down 400 points!

i just opened a short dollar yen pair a half hour ago wow!!

104.85.................. Is it real...???

I have 104.66........3 pip from 2018 L............also GJ reached 132.485............GU to 1.24188

looks Brexit related ? No deal at all ?

OANDA has frozen JY . FXCM is working with a 10 pips spread...

Fun, that was, yes!

FXCM E. 19 pips spread...

Something serious must have happened....

....Now 44pips....

Talks abaut China slowing down

Well always something new. I have NOT seen that massive move before. Why do people trade without SL??? I guess realistically as much as I want to trade, today should probably be about watching what happens in the wash. WOW. FF stil has 59% long UJ. Surely not

Did you just TP all your profit for 2019?? Ready to go long ? I wonder who had pending buys at 104?

I'm keen to see what others are thinking for their weekly/monthly charts, and in general. Is this UJ dump an anomaly, or not? Looking at my weekly chart, If it stays below 108.8 by the end of the week will it continue straight south, or will this week form the most amazing hammer of all time ?? Any ideas anyone?

BTW those mauve crosses you can see are where I TP on my shorts up above 111.8. DOH !!!!!

I just added a lower TL putting UJ in the pointy end of a weekly flag ( NB, I'm not sure if a flag can be re entered per se once it has broken out. If anyone has kindly and polite thoughts to share)