USD/JPY Discussion | Page 4015 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #80,281
  • Apr 17, 2019 7:51pm Apr 17, 2019 7:51pm
Was taken with H1 tweezer top and gap down. Will TP depending on subsequent PA.

NB TP 2/5 111.955. Tightened SL on remaining 3 a little
Attached Image (click to enlarge)
Click to Enlarge Name: 184.png Size: 66 KB
  • #80,282
  • Apr 17, 2019 7:59pm Apr 17, 2019 7:59pm
Quoting hellsbells
Was taken with H1 tweezer top and gap down. Will TP depending on subsequent PA. NB TP 2/5 111.955. Tightened SL on remaining 3 a little {image}
Ha... me as well.
Don't compare your trades to others. Most often the masses are the asses
  • #80,283
  • Apr 18, 2019 2:00am Apr 18, 2019 2:00am
Ideal Target Achieved

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 120m.jpg Size: 165 KB

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 240m 23.jpg Size: 108 KB

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 240m 24.jpg Size: 135 KB
  • #80,284
  • Apr 18, 2019 2:14am Apr 18, 2019 2:14am
Attached Image (click to enlarge)
Click to Enlarge Name: Yen.png Size: 21 KB
  • #80,285
  • Apr 18, 2019 7:23am Apr 18, 2019 7:23am
... https://www.forexfactory.com/showthr...6#post12223016
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily czw.png Size: 66 KB
  • #80,286
  • Apr 18, 2019 7:42am Apr 18, 2019 7:42am
If it doesn’t come down to 111 and close below it on the daily chart, I don’t see any point in selling for the near term

I think that there could be a spike higher to 112.5 in the near term before a pullback
Don't Worry Be Happy
  • #80,287
  • Apr 18, 2019 7:43am Apr 18, 2019 7:43am
For at least the last 7 years, there hasn't been an Easter/Thanksgiving where the policy tool stock market (and by extension U/J) didn't get pushed up prior to holiday close. Makes sure all family holiday discussions stick the the preapproved narrative.

I expect this year to be no different.
  • #80,288
  • Apr 18, 2019 11:15am Apr 18, 2019 11:15am
Hi Guys, From my Technical analysis I've been short on this pair for a while. which way do you think it is going to go?
Don't trade what you think. Just what you see!!!
  • #80,289
  • Apr 18, 2019 12:03pm Apr 18, 2019 12:03pm
Quoting Theoak
Hi Guys, From my Technical analysis I've been short on this pair for a while. which way do you think it is going to go?
probably up in the near term and then down later this year
Don't Worry Be Happy
  • #80,290
  • Apr 19, 2019 9:51am Apr 19, 2019 9:51am
Quoting Theoak
Hi Guys, From my Technical analysis I've been short on this pair for a while. which way do you think it is going to go?

The fact that it is trading quite consistently at a relatively 'high' price, shows that there are plenty of buyers. I wouldn't be surprised if it stayed in an uptrend. It could dive downward after all, but the fact that many expect that shows that it's probably wrong. (Contrarian lol)

The SSI shows most people bearish, so I would like to see a decent swing upward to drain them accounts.

A
Humans are naturally hardwired to avoid and detest uncertainty.
  • #80,291
  • Apr 19, 2019 10:37am Apr 19, 2019 10:37am
Quoting CannonScout
{quote} The fact that it is trading quite consistently at a relatively 'high' price, shows that there are plenty of buyers. I wouldn't be surprised if it stayed in an uptrend. It could dive downward after all, but the fact that many expect that shows that it's probably wrong. (Contrarian lol) The SSI shows most people bearish, so I would like to see a decent swing upward to drain them accounts. A
Many thanks - I believe that the big boys are bullish. I've got into this trade the start of the week and it has gone sideways. I'm shorting this and been stuck in it all week. It had a good risk to reward, so I took a punt against the big boys!!!!
Don't trade what you think. Just what you see!!!
  • #80,292
  • Apr 19, 2019 11:16am Apr 19, 2019 11:16am
Quoting CannonScout
{quote} The fact that it is trading quite consistently at a relatively 'high' price, shows that there are plenty of buyers. I wouldn't be surprised if it stayed in an uptrend. It could dive downward after all, but the fact that many expect that shows that it's probably wrong. (Contrarian lol) The SSI shows most people bearish, so I would like to see a decent swing upward to drain them accounts. A
There are buyers but the sellers are keeping the lid on the price. Recent economic data suggest that the economy has slowed this year so far. If it continues to slow in the near term, then the bias will shift and the price will come down due to risk-off.

The market may also have priced in the trade deal since there is no bullish price action on good news from the trade talks.

Things are also not good in Japan.

https://www.reuters.com/article/us-j...-idUSKCN1R701O

Quote
The BOJ faces a dilemma. Years of heavy money printing have dried up market liquidity and hurt commercial banks’ profits, highlighting the rising risks of prolonged easing.
And yet, subdued inflation has left the BOJ well behind its U.S. and European counterparts in dialing back crisis-mode policies, and with a dearth of ammunition to battle any abrupt yen spike that could derail an export-driven economic recovery.
Don't Worry Be Happy
  • #80,293
  • Apr 19, 2019 11:31am Apr 19, 2019 11:31am
US-DOLLAR=>DOWN!
Attached Image (click to enlarge)
Click to Enlarge Name: USDollar - Alternate test2 - Apr-19 2018 PM (1 hour).png Size: 34 KB
  • #80,294
  • Apr 19, 2019 11:39am Apr 19, 2019 11:39am
Quoting coderr
US-DOLLAR=>DOWN! {image}
i doubt that the index will come down, i expect a breakout higher and strong sell-off in EUR, AUD, NZD, CAD, and the other exotics

JPY and GBP will likely appreciate

the USD pays interest and is supported by good economic fundamentals, so we can expect the dollar index to appreciate further
Don't Worry Be Happy
  • #80,295
  • Apr 19, 2019 11:34pm Apr 19, 2019 11:34pm
Quoting MrPresident
{quote} There are buyers but the sellers are keeping the lid on the price. Recent economic data suggest that the economy has slowed this year so far. If it continues to slow in the near term, then the bias will shift and the price will come down due to risk-off. The market may also have priced in the trade deal since there is no bullish price action on good news from the trade talks. Things are also not good in Japan. https://www.reuters.com/article/us-j...-idUSKCN1R701O...

Probably right. Makes logical sense. However I'm always aware markets are irrational. + just because there is no 'great' news from the economy just yet, it is still better than a lot of other choices. Money could keep pouring in, and when those dollars go to work we will get good data. One has to follow the other.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #80,296
  • Apr 19, 2019 11:40pm Apr 19, 2019 11:40pm
Looks like this could go to 109 area or lower
ex nihilo
  • #80,297
  • Apr 20, 2019 8:36am Apr 20, 2019 8:36am
Quoting MrPresident
{quote} i doubt that the index will come down, i expect a breakout higher and strong sell-off in EUR, AUD, NZD, CAD, and the other exotics JPY and GBP will likely appreciate the USD pays interest and is supported by good economic fundamentals, so we can expect the dollar index to appreciate further
Hi, based on the new analysis that you are seeing, we will have a bearish trend in tf h1. Trump attacked the Federal Reserve a short time ago to cut interest rates and also hit the dollar in the weekly tf.
And in the worst case we will see a good correction. And if it's bullish, then we need to fix it before.

Quote
Donald Trump has stepped up his attacks on the US Federal Reserve by calling for the central bank to cut interest rates.
The US President claimed that the Fed has "really slowed us down" in terms of economic growth, adding that "there's no inflation".
Mr Trump made the comments as data showed a sharp rebound in new jobs growth during March.
US firms added 196,000 jobs last month, compared to 33,000 in February.
Mr Trump said: "I think they should drop rates and get rid of quantitative tightening. You would see a rocket ship."
The Fed has raised interest rates four times since Jerome Powell took over as chairman in February last year.
Mr Powell was appointed by Mr Trump but the president has frequently criticised the Fed chairman for increasing rates.
The Wall Street Journal reported earlier this week that Mr Trump told Mr Powell in a recent phone call: "I guess I'm stuck with you
  • #80,298
  • Apr 21, 2019 4:07am Apr 21, 2019 4:07am
Quoting Theoak
{quote} Many thanks - I believe that the big boys are bullish. I've got into this trade the start of the week and it has gone sideways. I'm shorting this and been stuck in it all week. It had a good risk to reward, so I took a punt against the big boys!!!!
Hi all - I think my stops will be smashed out next week.
Don't trade what you think. Just what you see!!!
  • #80,299
  • Apr 21, 2019 4:10am Apr 21, 2019 4:10am
UJ looking really BULLISH'


here's something to stare at
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYMonthly.png Size: 63 KB
  • #80,300
  • Apr 21, 2019 4:42am Apr 21, 2019 4:42am
Quoting JayBag
UJ looking really BULLISH' here's something to stare at {image}
think you might be right. I have taken a punt on a short and if it takes me out, so be it.
Don't trade what you think. Just what you see!!!
247 traders viewing now