USD/JPY Discussion

Quoting ForexGoose

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{quote} the dollar appears to have found support? {image}

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Quoting OBsayMkMoney

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This is the Yen. We have yet to hit that 100%, so anything here I believe to be noise until then. We are close though, which is why I am aiming for next week. The week after that is FOMC who has pushed the dollar up making us due for a correction. For now closing my longs. I haven't seen anything above that 100% so I will come in lower.. and higher on the yen. Someone mentioned a Yen "Fed" speech. Hopefully that provides us the channel breaker we need to finish the trip north. {image} a better look{image} Possibly something like this which would...

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Quoting COGSx86

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Half mass for the Queen Watch the break, cumulative volume oversold, fake out. Watch for the break of the red line. Linear Regression trend. {image}

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Quoting OBsayMkMoney

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{quote} Kablewii My Sunday coffee fueled outlook. We have yet to break the lower "head" or extremes channel, So overall still bullish, and possibly still in wave 3. (144.6 - .8) - (143.6- .8) will tell us if this is a continuing wave three, or; if it stops there the B off an ABC correction. If the latter I am setting traps there. Will sell until it breaks and retraces to the extreme trendline then add some more. Should the retrace break the trend line take profit.. EDIT Drew that wrong. Staring me right in the face. It would need to bounce off the...

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Quoting OBsayMkMoney

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{quote} Price pushed up and stopped almost to the tick... Wave B initiated. I think we will meander here for the day until Bulls give up. Bears will be very wary of 141 now that price shot up away from it. Perfect time to go sub 141. Target Wave B 140. Short to 140 {image}

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Quoting ForexGoose

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{quote} i think it is too risky to short this week or next before the FED decision this pair can easily go higher as there is nothing stopping it, even the threat of intervention from the BOJ

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