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USD/JPY Discussion

  • #80,741
  • Jun 20, 2019 1:06am Jun 20, 2019 1:06am
Quoting CassandraK
USD/JPY broke through at least yesterday. I think USD/JPY will move further down. Stochastic high and bent down. Ishimoku lines are arranged in a descending trend. Perhaps USD/JPY will update the lows at 104.50. Daily {image}
Haha you got that right Haha
  • #80,742
  • Jun 20, 2019 7:32am Jun 20, 2019 7:32am
Quoting MrPresident
{quote} 107.6 next and below it could fall down quickly to 105
Stalled out after reaching 107.6 but more hard selling is likely
Don't Worry Be Happy
  • #80,743
  • Jun 20, 2019 8:00am Jun 20, 2019 8:00am
Quoting MrPresident
{quote} Stalled out after reaching 107.6 but more hard selling is likely
I hope it break the 107 honestly we tired of waiting and everyday we assume its a bottom hehehe
  • #80,744
  • Jun 20, 2019 8:57am Jun 20, 2019 8:57am
Quoting MrPresident
{quote} Stalled out after reaching 107.6 but more hard selling is likely
Im with you bro. Haha.
  • #80,745
  • Jun 20, 2019 10:02am Jun 20, 2019 10:02am
Quoting msniper
{quote} I hope it break the 107 honestly we tired of waiting and everyday we assume its a bottom hehehe
Hard to predict where the bottom will be but it is easier to sell and profit due to fundamentals at this time
Don't Worry Be Happy
  • #80,746
  • Jun 20, 2019 10:58am Jun 20, 2019 10:58am
A quick trip south from the daily S1 to S2. 107.5 proving to be a tough cookie today. Could still break, no need to push it, though.
Attached Image (click to enlarge)
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Timing Direction Strength
  • #80,747
  • Jun 20, 2019 7:57pm Jun 20, 2019 7:57pm
Falling wedge pattern for USDJPY 4HR if you can see it. Below 107 is a sure thing as it ain't no fun if there is no hunt.
Basically either Nikkei and Yen pairs catch up with leading markets like Australia and SPX or...
  • #80,748
  • Jun 23, 2019 11:48am Jun 23, 2019 11:48am
https://japantoday.com/category/busi...v%27t-official
sell strength in falling markets, and buy weakness in rising markets.
  • #80,749
  • Jun 23, 2019 7:09pm Jun 23, 2019 7:09pm
Possible that JPY will be sold this week due to the G20 meeting and good news regarding trade talks

but bad trade related news or Iran threats will be JPY supportive
Don't Worry Be Happy
  • #80,750
  • Jun 24, 2019 10:10pm Jun 24, 2019 10:10pm
major support at 106

I will be buying UJ between 106.40 to 106.70

target 110 then I decide if I hold more or go short there to target breaking new year low
  • #80,751
  • Jun 25, 2019 5:59am Jun 25, 2019 5:59am
Quoting msniper
major support at 106 I will be buying UJ between 106.40 to 106.70 target 110 then I decide if I hold more or go short there to target breaking new year low
In your opinion, how low this will go?
  • #80,752
  • Jun 25, 2019 6:01am Jun 25, 2019 6:01am
Quoting MrPresident
Possible that JPY will be sold this week due to the G20 meeting and good news regarding trade talks but bad trade related news or Iran threats will be JPY supportive
Im agree with you, kinda fifty fifty..
  • #80,753
  • Jun 25, 2019 6:03am Jun 25, 2019 6:03am
Quoting msniper
major support at 106 I will be buying UJ between 106.40 to 106.70 target 110 then I decide if I hold more or go short there to target breaking new year low
if the G20 meeting goes bad and there is no progress on trade, then this pair will sink

I am selling rallies until I get stopped out above 108
Don't Worry Be Happy
  • #80,754
  • Jun 25, 2019 7:46am Jun 25, 2019 7:46am
Quoting MrPresident
{quote} if the G20 meeting goes bad and there is no progress on trade, then this pair will sink I am selling rallies until I get stopped out above 108
it can easily go up from here to 109 ~ 110 and then turn down and drop to 104

but continuing falling like this with no serious correction I doubt
  • #80,755
  • Jun 25, 2019 9:11am Jun 25, 2019 9:11am
Quoting msniper
{quote} it can easily go up from here to 109 ~ 110 and then turn down and drop to 104 but continuing falling like this with no serious correction I doubt
a correction is not required and indicators on the chart that try to predict corrections are meaningless

look at the gold/usd chart, a correction is due but we don't see it

a correction is due on usd/jpy but we don't see it happening either

the fundamentals point to a weaker dollar on this pair
Don't Worry Be Happy
  • #80,756
  • Jun 25, 2019 12:36pm Jun 25, 2019 12:36pm
Quoting MrPresident
{quote} a correction is not required and indicators on the chart that try to predict corrections are meaningless look at the gold/usd chart, a correction is due but we don't see it a correction is due on usd/jpy but we don't see it happening either the fundamentals point to a weaker dollar on this pair
I don't know about indicators I am just counting waves. and Elliott waves showing me that we satisfied all the rules and can start going up either major reversal or a big correction for around 200pips
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  • #80,757
  • Jun 25, 2019 5:50pm Jun 25, 2019 5:50pm
Quoting msniper
{quote} I don't know about indicators I am just counting waves. and Elliott waves showing me that we satisfied all the rules and can start going up either major reversal or a big correction for around 200pips {image}
why not 105? it looks more likely, i guess???
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  • #80,758
  • Jun 26, 2019 2:13am Jun 26, 2019 2:13am
Quoting Forexgogo
{quote} why not 105? it looks more likely, i guess??? {image}
and why not 108.00 to 108.80 then 105 ?
  • #80,759
  • Jun 26, 2019 4:32am Jun 26, 2019 4:32am
Quoting msniper
{quote} and why not 108.00 to 108.80 then 105 ?
it can go like that, depending on friday's g20... if the us-china deal is done. if not, it can nosedive straight to 105???
  • #80,760
  • Jun 26, 2019 9:33am Jun 26, 2019 9:33am
another dump is possible very soon

it moved higher because the market thought that a U.S/China trade deal was 90% done but that turned out to be fake news

https://www.cnbc.com/2019/06/26/mnuc...-complete.html

Quote
Mnuchin: ‘We were about 90% of the way’ on China trade deal and there’s a ‘path to complete this’
Don't Worry Be Happy
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