USD/JPY Discussion

If the USD/JPY breaks the 110.30 on daily chart, it could go up to 114/115 level.

A very pointy pennant has formed looking at hour candles , anyone planning to trade breakout at end of day? I dont start trading for another 3 hours, not sure if it's going to break to range or a bigger move.

UJ looking to slip toward 109.20 and possiblly good support 109.00

If it goes upward which I don't see for now, 110 first resistance and 110.40 strong one

waiting for the break out

AJ looks to be heading north

or not. hmmm

Maybe pull back to the 109.00 area before continuing up
If it closes above 110.20 or so, then probably going higher

Is this the start of something significant?


NB have TP 2 of 4 trades at 109.440, 1 on the way down, 1 on the way up. Really hoping the remaining 2 can hold

EJ and AJ are breaking down through the 50SMA on H4, UJ isn't close.

TP 3/4 at 109.341

Just exited my short. Waiting for around 109.00 for long

Closed last trade 109.42. When I woke this am things were looking good and my last trade was at $800 profit, but I dont like the 10yr bond yield spike ( maybe just end of day don't know) but also hour reversal and back above my TL so I closed for $400 instead. Off for a swim.

I keep coming back to the monthly chart. Reversal with solid bear candle at 50 SMA , and this month so far a potential hammer (???). One would reasonably expect a bearish continuation candle. 1 week to go..

NB TP1 109.451. Other BE. Was hoping to TP1 at TL but it seems to have lost steam

NB TP2 109.435. 15min tweezer top??

BOJ day, probably will be a whiplash event or nothing and then back down again after

Yes, I'm normally skittish as it is. Very annoying when you close trades too early though. Have consoled myself with a couple of AU longs, seems to be some volume and interest there.

The USDJPY consolidates between the 109.00 and the 110.00 level where we can also find the 200 week EMA. The pair may head in any direction, but it has some important obstacles like the moving average congestion around the 111.00 level and the 200 month EMA at the 106.62 level.

BOJ interest rate decision in 7 minutes.

Sold with stop above 110.5

target is open

Reasonable to suspect there are large volumes of retail short stops at or just above 110. Looking good for a short-term momentum bet from here through low 110s

Between the momo ignition algos and BOJ it's hard to guess which is buying more dollars right now lol

That 110 level has some selling interest, I think it is safe to sell near it

Was anyone expecting such a huge reversal at this point?