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USD/JPY Discussion

  • #84,841
  • Apr 8, 2022 12:11pm Apr 8, 2022 12:11pm
Taking a short here..124.42..Lets see what happens I guess..
  • #84,842
  • Apr 8, 2022 12:14pm Apr 8, 2022 12:14pm
Quoting CandleFly
Taking a short here..124.42..Lets see what happens I guess..
I wish you thats good decision for some quite medium term swing, Cheers!
People don't plan to lose. They lose because they don't plan.
  • #84,843
  • Apr 8, 2022 12:15pm Apr 8, 2022 12:15pm
Shooting for 124.14 then 124.00.. Next after 123.80 then 123.60..for now...will look again after that ..at 122.80..
  • #84,844
  • Apr 8, 2022 12:22pm Apr 8, 2022 12:22pm
Quoting CandleFly
Shooting for 124.14 then 124.00.. Next after 123.80 then 123.60..for now...will look again after that ..at 122.80..
You can always place BE when you are in plus some pips, or use trailing SL to protect your profit
People don't plan to lose. They lose because they don't plan.
  • #84,845
  • Apr 10, 2022 9:01am Apr 10, 2022 9:01am
Maybe gap up today if Macron loses?
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,846
  • Apr 10, 2022 10:40am Apr 10, 2022 10:40am
Quoting ForexGoose
Maybe gap up today if Macron loses? {image}
You think Macron loose?
People don't plan to lose. They lose because they don't plan.
  • #84,847
  • Apr 10, 2022 11:16am Apr 10, 2022 11:16am
Quoting ScalaFX
{quote} You think Macron loose?
possible
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,848
  • Apr 10, 2022 2:29pm Apr 10, 2022 2:29pm
looks like a small gap down
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,849
  • Apr 10, 2022 2:32pm Apr 10, 2022 2:32pm
USDJPY market is bullish. On the daily time frame, USDJPY price action is tackling the lower boundary of the 124.140/127.230 multi-year supply zone (purple) seen on the weekly time frame. This is the second such attempt in the last 10 days – the first attempt ten days ago resulted in a bearish pullback. We may see further bullish move in the early part of this week before any bearish correction.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #84,850
  • Apr 10, 2022 6:53pm Apr 10, 2022 6:53pm
Quoting fxmasterdxb
{quote} Next stop for me now is 125.50-70, ill be selling from there, most probably by next week
Waiting patiently, im planning to start with smaller lots from 125.35
  • #84,851
  • Apr 10, 2022 9:07pm Apr 10, 2022 9:07pm
125 warming up
  • #84,852
  • Apr 10, 2022 9:27pm Apr 10, 2022 9:27pm
Adding a smaller short right here 124.95 with a smal SL//watching for 125.02 and .11
11
  • #84,853
  • Apr 10, 2022 9:29pm Apr 10, 2022 9:29pm
Quoting KeenPips
USDJPY market is bullish. On the daily time frame, USDJPY price action is tackling the lower boundary of the 124.140/127.230 multi-year supply zone (purple) seen on the weekly time frame. This is the second such attempt in the last 10 days – the first attempt ten days ago resulted in a bearish pullback. We may see further bullish move in the early part of this week before any bearish correction.
You could be right, especially as monetary policy divergence between the two central banks is likely to receive added interest this week.

Governor Kuroda just stated that the BOJ will look to maintain ultra-loose policy in an effort to achieve their 2% inflation target, while Tuesday's US CPI print could also increase speculation on the Fed's tightening cycle being overly aggressive.

USD/JPY is currently re-attempting a break of 125, and if it can manage to hold above this key psychological level this time, it could be on track for a retest of its June 2015 high. However, all trading carries risk, and another failure to close above 125 might signal a double top, sparking a reversal on profit-taking.

Either way, should be interesting to watch how this plays out this week.
  • #84,854
  • Apr 10, 2022 10:37pm Apr 10, 2022 10:37pm
Good fundamentals info. Thanks.

KP

Quoting CityIndex
{quote} You could be right, especially as monetary policy divergence between the two central banks is likely to receive added interest this week. Governor Kuroda just stated that the BOJ will look to maintain ultra-loose policy in an effort to achieve their 2% inflation target, while Tuesday's US CPI print could also increase speculation on the Fed's tightening cycle being overly aggressive. USD/JPY is currently re-attempting a break of 125, and if it can manage to hold above this key psychological level this time, it could be on track for a retest...
Do your homework, follow the footprints of smart money
  • #84,855
  • Apr 10, 2022 11:17pm Apr 10, 2022 11:17pm
Quoting ScalaFX
Risking some shorts 124.60 Edit BE
Trade closed at BE, waiting what can happen above 125 this week and decide later, cheers!
People don't plan to lose. They lose because they don't plan.
  • #84,856
  • Apr 11, 2022 12:22am Apr 11, 2022 12:22am
Sold @ 124.9, in intermediate or long term this level is pretty safe.

Will look to add more shorts if it goes above 126.
  • #84,857
  • Apr 11, 2022 12:41am Apr 11, 2022 12:41am
hello friends, would like to ask if this rsi and chart pattern can be called a divergent to go down
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  • #84,858
  • Apr 11, 2022 12:51am Apr 11, 2022 12:51am
Quoting Wongkampoeng
hello friends, would like to ask if this rsi and chart pattern can be called a divergent to go down {image}
I mate!

If I may, yes, this is called divergence. But alone, I would say a big no, no it is not enough to go down. Best way know it and learn, is identifying more in history. And a LOT more. From the 15min you are looking at, finding minimum 1000 instances of the pattern you are analyzing should be enough to get one started, to give an idea of what could be used from the said pattern, along with the help of other tools and/or Price Action, possible risk management adapted to them, etc.

Hope it helps.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #84,859
  • Apr 11, 2022 1:00am Apr 11, 2022 1:00am
thank you mTako friend, I am very happy with your answer and explanation
  • #84,860
  • Edited 2:12am Apr 11, 2022 1:09am | Edited 2:12am
Quoting SckT
Sold @ 124.9, in intermediate or long term this level is pretty safe. Will look to add more shorts if it goes above 126.
Yes, Im risking the same, opened some will be adding more higher and under when start slippin, cheers!
edit Im building sells net from this 125 to 126.50 every 10 pip some short, SL mental
People don't plan to lose. They lose because they don't plan.
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