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NZD/JPY Discussion 12 replies

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

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USD/JPY Discussion

Quoting Techanalyst
{quote} I think this will finally go down.
maybe on a lower time frame chart for another hour or so before going up again
Don't Worry Be Happy
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
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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.
When you feel like you HAVE to trade is when you least should!
Ideal Target Achieved

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... https://www.forexfactory.com/showthr...6#post12223016
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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
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.
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?
Play it by beer!!!
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
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.
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!!!!
Play it by beer!!!
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
US-DOLLAR=>DOWN!
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ForexSignalsz All Time Profit: $9,791
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
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.
Looks like this could go to 109 area or lower
ex nihilo
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
ForexSignalsz All Time Profit: $9,791
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.
Play it by beer!!!
UJ looking really BULLISH'


here's something to stare at
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