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USD/JPY Discussion

Quoting funzodundee
Another wonderful opportunity to SHORT USD/JPY. The high correlation between this pair and bond yields which will continue to drop. Every rally should be shorted for the foreseeable future. FOMC tonight WILL drop USD/JPY.
I'd wait until around 110.55 to short.

To me it looks like you're getting short right in the middle of this upward move.
"A true speculator tries the market small." - Jesse Livermore
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Quoting Techanalyst
{image}
I see some sniper entries Hats off
As anticipated...Yields down.....Usd/jpy will trend lower....way lower
Quoting funzodundee
Another wonderful opportunity to SHORT USD/JPY. The high correlation between this pair and bond yields which will continue to drop. Every rally should be shorted for the foreseeable future. FOMC tonight WILL drop USD/JPY.
Excellent forecast!
Soaking up silly long money before they hammer this down.
This is not bullish.
Quoting Stesto
{quote} Excellent forecast!
Im not sure if that was sarcasm or not?
If not, thanks buddy
Quoting funzodundee
Soaking up silly long money before they hammer this down. This is not bullish.
I guess it just tricked the sellers. Smart money is buying USD against most of the currencies
Quoting funzodundee
{quote} Im not sure if that was sarcasm or not? If not, thanks buddy
Without sarcasm. In short time it was 20 pips fall and it continue slowly down.
Quoting Nordling00
{quote} I guess it just tricked the sellers. Smart money is buying USD against most of the currencies
Ok bro.
Im deeply opposed to your thinking buddy.
Quoting funzodundee
{quote} Ok bro. Im deeply opposed to your thinking buddy.
Let's wait and see who's right or wrong mate
Quoting Nordling00
{quote} Let's wait and see who's right or wrong mate
Probably both of you

But I'm leaning towards USD strength based on:

DXY is pushing higher

AUDUSD, EURUSD, GBPUSD, NZDUSD are all going lower

USDCAD, USDCHF are both going higher

Most of the time USD and JPY have equal strength making it harder to trade

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Don't trade your heart, trade your chart!
4 Daily Signals All Time Return: 15.9%
USD/JPY moves toward 110.00 amid stronger USD

Source: https://www.fxstreet.com/news/usd-jp...n=fxstreetnews
Don't trade your heart, trade your chart!
4 Daily Signals All Time Return: 15.9%
It's been my experience that if the markets really worried about something you get much more than a 20-25 reversal either way.

Just a little speculation.
"A true speculator tries the market small." - Jesse Livermore
Would have used that little pull back earlier to get long instead of short.

Looks almost identical to the last push to 110.70.
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"A true speculator tries the market small." - Jesse Livermore
I have sell position at 109.450. I have 4 lots and now i'm $2400 loss. Should i close it now or wait for reversal?
It is going high daily. Can anyone advice me?
Still holding my USDJPY long positions. Did close two positions last night to make some profit. USDJPY has created a new demand zone on daily. A pull back to that fresh demand zone was a good entry for more long positions. USD unemployment claims good numbers, so USD is bullish.
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Quoting funzodundee
{quote} Ok bro. Im deeply opposed to your thinking buddy.
Looks like fundamentals wins, like always. USDJPY bullish.
Quoting abdtrader
I have sell position at 109.450. I have 4 lots and now i'm $2400 loss. Should i close it now or wait for reversal? It is going high daily. Can anyone advice me?
Can you explain and share your charts, why did you choose to sell USDJPY and what time frame? What analysis did you use to sell USDJPY? Did you take a look at fundamentals or were you just looking at the charts?
Quoting COGSx86
Wtih UJ ranging, this is a traders heaven. Within the next 4 weeks we will see roughly a 3500 pip move corresponding with 4-5 swings. {image}
July 25h posted date

Sorry 5700 pips,
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