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USD/JPY Discussion

  • #82,481
  • Apr 16, 2020 7:29am Apr 16, 2020 7:29am
It seems it will go lower news will confirm
  • #82,482
  • Apr 16, 2020 9:08am Apr 16, 2020 9:08am
Quoting teddybomber
Anyone have any reason for why the usd/jpy is rising while the stock indexes have dropped, VIX has risen and treasury yields declined? Seems odd. All I can think of is that due to treasury yields in the US declining to such lows, the carry trade is not as desirable anymore, so when risk off occurs, the yen no longer strengthens? Or it's just a weird short term divergence from the typical correlation.

Just shorts taking profits, and causing a retracement. Retracements are normal in a trend. A little higher than I thought, but Market Makers wanted to get bulls excited about that 112 we need to hit again. So they got foiks to buy, and are now causing them pain so that they exit those trades at a loss. All my opinion mind you..
Don't compare your trades to others. Most often the masses are the asses
  • #82,483
  • Apr 16, 2020 4:31pm Apr 16, 2020 4:31pm
Likely to break upward

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wise man say, only fools rush in
  • #82,484
  • Apr 17, 2020 3:12am Apr 17, 2020 3:12am
Buying
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Now
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wise man say, only fools rush in
  • #82,485
  • Apr 17, 2020 8:34am Apr 17, 2020 8:34am
Quoting eastrader
Buying {image} Now {image}
Don't feel bad. Like I said.. they are devious. I am actually stuck in a long myself because they tricked me into hedging my shorts a bit with that jump up. It WILL go up though. We just need to hit the 107 area again. If it breaks 106.8 though....
Don't compare your trades to others. Most often the masses are the asses
  • #82,486
  • Apr 17, 2020 8:48am Apr 17, 2020 8:48am
Quoting OBsayMkMoney
{quote} We cleared that gap, and are now below that weekly open. Looking to have this hit the previous tail. Possibly go further depending on what we see when we get there, but I am banking it will end here around 107.6. This would put us in a range of 109.3 to 106.9 for three weeks. Looks like someone could load up nicely, shoot down to pop out small guys, before going north... {image} {image} {image} {image}

Looks very much like we are going to end the week around 107.6.
Don't compare your trades to others. Most often the masses are the asses
  • #82,487
  • Apr 17, 2020 7:36pm Apr 17, 2020 7:36pm
Market sentiment for the Yen is sell. Add that to the losses of Wall Street, and you will get bargain hunters buying DXY denominated stocks, sending liquidity and price of USD flying.

USDJPY as an instrument is a clear buy, and long term at that. 107.5 is a pretty good price IMO. Look for leveraged funds to cover shorts and continue the USDJPY recovery/fair valuation over the next couple of weeks.
  • #82,488
  • Apr 18, 2020 1:53am Apr 18, 2020 1:53am
Here is how I think of this pair in the coming week:
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WARNING: This post warps space and time in its vicinity.
  • #82,489
  • Apr 19, 2020 1:10pm Apr 19, 2020 1:10pm
Probably go with bears this coming week. Descending Triangle forming.

Price may need to break 107.24 (with confirmation) before continuing descend.

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  • #82,490
  • Apr 19, 2020 3:50pm Apr 19, 2020 3:50pm
Recent price action on the H4 time frame is consolidating within a narrow channel in the 107.970/106.990 zone (blue). A significant breakdown of the zone will likely encourage bears to initially target the 106.360 area before pushing to expose the 105.160 handle. However, a northward break of the 107.970/106.990 zone (blue) may see bulls retest the108.800 horizontal resistance. I am interested in a feasible bearish setup on the H4 time frame.

I may be wrong. Stay safe, trade safe.

KP

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Do your homework, follow the footprints of smart money
  • #82,491
  • Apr 19, 2020 8:51pm Apr 19, 2020 8:51pm
It has to break 107.4 and retest in order to continue the down trend although a beautifull bear flag already formed in H4. Just need some breakouts and retest to visit the station of 105.3. Good luck
  • #82,492
  • Apr 19, 2020 11:19pm Apr 19, 2020 11:19pm
Good Morning Beautiful people.

Another lower high on the 4H chart.
  • #82,493
  • Apr 20, 2020 1:58am Apr 20, 2020 1:58am
Attached Image (click to enlarge)
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Money moves the market, not an indicator.
  • #82,494
  • Apr 20, 2020 4:16am Apr 20, 2020 4:16am
Gold set-up suggests UJ pushes northwards before sell.
Attached Image
  • #82,495
  • Apr 20, 2020 5:06am Apr 20, 2020 5:06am
still holding my short entry at 107.79 with a tight stoploss.

Let's see what will happen when U.S opens. Good luck all!
  • #82,496
  • Apr 20, 2020 5:51am Apr 20, 2020 5:51am
Bought 107.67 Target around 109 SL 107
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Forex Learner
  • #82,497
  • Apr 20, 2020 7:13am Apr 20, 2020 7:13am
Quoting rkr81
Bought 107.67 Target around 109 SL 107 {image}
Closed at 107.83
Forex Learner
  • #82,498
  • Apr 20, 2020 10:11am Apr 20, 2020 10:11am
Quoting rkr81
{quote} Closed at 107.83
Nice trade dude.
  • #82,499
  • Apr 20, 2020 11:49pm Apr 20, 2020 11:49pm
Sold at 107.52 Target 106.62

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Forex Learner
  • #82,500
  • Apr 21, 2020 12:00am Apr 21, 2020 12:00am
price ranging too hard since last week....too unpredictable for now.

It's like 2 Titans trying to overpower each other.

Have closed my short for 7 pips profit.
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