USD/JPY Discussion

Quoting Konichiwhaat

Disliked

Morning Still holding a long term long trade on this pair. Its the longest trade I have ever held Its purely based on fundamentals. Open to discussion or opinion on this. Also, any advise from traders who hold long term positions. Thanks {image}

Ignored

Quoting emmmmmmmm

Disliked

{quote} I am still holding on to my long from 104.3 as well, but my longer therm bias is still to the downside for UJ. 107 would've been a nice spot for a short, but I missed it^^ Would you care to elaborate a bit on your fundamental analysis? That's something I'm quite interested in, because I usually tend to focus on technicals only. Sidenote: longest trades I currently hold are 2 shorts on EG from june, growing 26 pips per week each on avg. Not great, but not to bad either. Closed the third one from this set for around 100 pips to cover my losses,...

Ignored

Quoting Konichiwhaat

Disliked

{quote} Hey emmmmm, thanks for your reply! Yes, I live in Japan, and there has been a lot of news recently here about a huge economic downturn. However, one could argue this has been happening for many years. That, compared to the US (kinda) being OK, thats why im long. But I agree with you on a technical aspect... jeez, its tough hey Either way, I will probably pull the pin just before the US election. Thanks for you tip on UJ too, I will take a look. Trade safe

Ignored

Quoting tehnoob

Disliked

Morning! Having closed my UJ long earlier this morning for 20 pips (meh), I've now just entered into some short punts. 4h chart {image}

Ignored

Quoting Konichiwhaat

Disliked

{quote} Hello tehnoob! Just out of interest, what was your reason for closing your long and going short? Im going to continue to hold my long. I just think its good for us to share ideas. Cheers

Ignored

Quoting Sutthiarkan

Disliked

{quote} Hi, I am a newbie for USDJPY and just start to join the discussion in the Forexfactory forum. Could you please share your TP target? BR, Su

Ignored

Quoting Konichiwhaat

Disliked

{quote} Hello tehnoob! Just out of interest, what was your reason for closing your long and going short? Im going to continue to hold my long. I just think its good for us to share ideas. Cheers

Ignored

Quoting tehnoob

Disliked

{quote} Ohyao gozaimasu! Well, in the short term, it's basically the daily candle of July 30th. I don't like the looks of it at all. It is too obviously bullish and I think it's a trap for bulls. Price movement after that candle has so far failed to look convincingly bullish. In the longer term, the USJPY continues its managed slide, trapped in a declining channel. I think it's more likely that eventually the channel will break to the downside and offer a second and probably final leg down to 90 or just below it, to take out that low in the yellow...

Ignored

Quoting emmmmmmmm

Disliked

Panic Surprise on NIKKEI -> demand for Yen! This was reeeally interesting to watch... Also I am fully aware just how lucky this entry was xD I'd expect this to fully retrace back up though once the dust has settled...! {image}

Ignored

Quoting Konichiwhaat

Disliked

{quote} Good morning to you too tehnoob! Thanks for your reply. Its so refreshing to get a nice reply for a change. Lots of bitching and negativity on here. And thank you so much for your insight too, you bring up some good points! Forex is crazy, and with the pandemic, elections, and just general miss understandings lost in translation, its is a crazy space! Thanks again, and I wish you all the best, lets keep this place friendly, helpful and insightful! PS I have attached my view, I do my best to keep things simple {image}

Ignored

Quoting Prochartist

Disliked

usdjpy been bleeding during the last 6 hours... any ideas why all this sudden fall?

Ignored