USD/JPY Discussion

Dont belive in mumbo jumbo from gurus

The yen managed to find reserves in itself to pass another range of embedded price channel lines of the monthly timeframe. This morning, it almost reached the upper border of the price channel at 129.80 (the price showed a high of 129.41), after which there was a quick rollback to the downside. This rollback made it possible to form a technical divergence of the price with the oscillator, which had been in preparation for a week and could not form. The divergence needs to consolidate, and for this, today's daily candle must be black. We are waiting for a corrective decline to the price channel line at 125.11, and this level corresponds to the high on March 28.

Only the first sign of the price's intention to turn into a correction is visible on the H4 chart - a sharp reversal of the signal line of the Marlin Oscillator. Here, as well as on the daily timeframe, the best tactic would be to wait for any consolidating signs of a reversal that has begun.

Alarm bells started to ring.
Interest rate hike or intervention?

https://www.apnews.com/0e6c8a0bb3f744d76aaf039f58a76a49

Intervention in 3…2…1…
Seriously we can see that in 24h from this moment, Im hoping for that thanks for the info!

Retest in progress.... Bull trap IMO let's see

The dildo is green again today, bears are getting shafted as usual.

Your wrong men, change dorection becouse u can loose your goossee money

Be prepere for nice slide down today

Does not look very good for seller to be honest, i closed my shorts, waiting for more clarity

Last 4 hr close is good for bears, however, if bears want to be in control then the yesterdays low needs to be breached in the next 4 hours

I have placed one small buy, testing the waters

Not convinced with bears yet

I have been buying dips during this bull run and plan to do so until 130. After, I will reevaluate if it makes sense to buy more until 135. If not, then I will sell.

Bulls have the upper hand temporarily, im waiting for 4hr confirmation
If the bulls take over than immediate target for me is 130 and would expect a reversal maximum at 130.60

I will be managing all my shorts with longs only when today high will be taken, until then Im with bears, trade safe! Cheers!

Nice bearish pattern, even though the clear uptrend continues lets see what us market open birngs.

This will fall, when? Not clear at all, you´re right there. Stay green!

No confirmation on 4hr candle close, bulls no longer in control and for me its 50/50 now

1. Buy the red dildos on the daily chart for USD/JPY

2. Sell the green dildos on the daily chart for EUR/USD

3. Watch the retail traders get shafted and profit

Its now or never for the bears, if price pushes above today’s high then its bulls will come in and with big guns