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USD/JPY Discussion

  • #86,281
  • Nov 10, 2022 7:03am Nov 10, 2022 7:03am
Quoting OBsayMkMoney
{quote} Lower. 141...


Perhaps this makes more sense now...
Don't compare your trades to others. Most often the masses are the asses
  • #86,282
  • Nov 11, 2022 2:08am Nov 11, 2022 2:08am
Quoting ballballball
I think so to buying yen. UJ TP 138-140 I don't think it's more than UJ 152 Find the entry point along the resistance line.
wow..
  • #86,283
  • Nov 11, 2022 3:09am Nov 11, 2022 3:09am
Reddit post

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f(z)=z2+c
  • #86,284
  • Nov 11, 2022 10:42am Nov 11, 2022 10:42am
Technically looks like will drop to at least 133 (38.2% Fibo). The bears were running wild.
  • #86,285
  • Nov 12, 2022 8:59am Nov 12, 2022 8:59am
USD/JPY looks like it might have peaked and is ready to start a big downtrend

I will be selling next week with a long-term target of 130
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,286
  • Nov 12, 2022 11:49am Nov 12, 2022 11:49am
Quoting ForexGoose
USD/JPY looks like it might have peaked and is ready to start a big downtrend I will be selling next week with a long-term target of 130
It's all about the mighty USD that's for sure

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It takes a lot for me to IGNORE you, but you can try.
  • #86,287
  • Nov 13, 2022 1:15pm Nov 13, 2022 1:15pm
USDJPY price action on the daily time frame is making a bearish retest of the 138.970/136.660 horizontal support zone (green). Although the technical structure is still bullish, recent order flow supports further southward move.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #86,288
  • Nov 14, 2022 3:11am Nov 14, 2022 3:11am
Guys.. don't chase this thing around. We had a drop last week. Profit takers will drive the price back up a bit. 141.. maybe 142.. sell from there IMO. Or the drawdown will hurt. I am currently long to those levels starting Friday afternoon EST when we plateaued.
Don't compare your trades to others. Most often the masses are the asses
  • #86,289
  • Nov 14, 2022 9:21am Nov 14, 2022 9:21am
Quoting OBsayMkMoney
Guys.. don't chase this thing around. We had a drop last week. Profit takers will drive the price back up a bit. 141.. maybe 142.. sell from there IMO. Or the drawdown will hurt. I am currently long to those levels starting Friday afternoon EST when we plateaued.

Adding another long to end the New York day. Then a little bull trap during the Asian/Euro market before we continue down IMO.

141 target.
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Don't compare your trades to others. Most often the masses are the asses
  • #86,290
  • Edited 2:16pm Nov 14, 2022 1:51pm | Edited 2:16pm
Buy Limit at 139.3. long to 141 ish then south.

Let's see
Don't compare your trades to others. Most often the masses are the asses
  • #86,291
  • Nov 15, 2022 6:07am Nov 15, 2022 6:07am
Queue up the sideways 4hr candles as we wait for Dec FOMC rates. One more leg down, when the minutes come out, we finish the Daily Wave 4
Don't compare your trades to others. Most often the masses are the asses
  • #86,292
  • Nov 15, 2022 6:32am Nov 15, 2022 6:32am
There goes my cheap rent living in Tokyo getting paid USD.
  • #86,293
  • Nov 15, 2022 11:07am Nov 15, 2022 11:07am
Does anybody feel that U/J is manipulated right now? Because this pair was supposed to jump up with the dollar right now. This crazy!!!
  • #86,294
  • Nov 17, 2022 7:35pm Nov 17, 2022 7:35pm
The selling of November is almost over IMO. The Dollar is hitting resistance soon. Looking for a 4 hr channel coming up before the FED sends us north IMO. USD/JPY should bottom out soon before finishing this channel then bounce around before we move past prev highs starting on or before next Fri during the Asian session. Bulls will see their 155's and possibly a 157-8.

The Fed will of course "save the dollar", so when this tops out Crypto should be ripe.

Rack up and stock up!
Don't compare your trades to others. Most often the masses are the asses
  • #86,295
  • Nov 17, 2022 8:11pm Nov 17, 2022 8:11pm
Quoting OBsayMkMoney
The selling of November is almost over IMO. The Dollar is hitting resistance soon. Looking for a 4 hr channel coming up before the FED sends us north IMO. USD/JPY should bottom out soon
You make a good point. From a technical perspective, looking across USD pairs suggests that the gains for most currencies against the greenback may have reached a limit for the time being. EUR/USD is finding resistance at its 200-day MA, cable looks to be consolidating around 1.1900, and of course, USD/JPY seems like it has once again found support around its 61.8% Fibonacci level.

All trading carries risk, but it will be interesting to see if USD now bounces higher, or if the pullback extends over the near-term.
  • #86,296
  • Nov 18, 2022 11:45pm Nov 18, 2022 11:45pm
Quoting CityIndex
{quote} You make a good point. From a technical perspective, looking across USD pairs suggests that the gains for most currencies against the greenback may have reached a limit for the time being. EUR/USD is finding resistance at its 200-day MA, cable looks to be consolidating around 1.1900, and of course, USD/JPY
Quote
seems like it has once again found support around its 61.8% Fibonacci level
. All trading carries risk, but it will be interesting to see if USD now bounces higher, or if the pullback extends over the near-term.
This. that support at the 61.8% level will will make the price rally hard. It can easily do 600 pips or more.The train is slowly leaving the station.
  • #86,297
  • Nov 20, 2022 1:07pm Nov 20, 2022 1:07pm
USDJPY price action on the daily time frame went sideways after a bearish charge towards the 138.300/136.910 horizontal support zone (green) seen on the weekly time frame. There was an increase in bullish price action towards the end of last week and, should bulls sustain their pressure in the market, we may see further northward move in the early part of this week. Besides, recent market imbalance in the 142.525/145.170 zone (magenta) may incentivize bulls.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #86,298
  • Nov 21, 2022 4:21am Nov 21, 2022 4:21am
#USDJPY / Weekly, Daily, H4 & H1
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  • #86,299
  • Nov 23, 2022 9:19am Nov 23, 2022 9:19am
NICE profir at target one .....but kept going ...oh well who knew...
  • #86,300
  • Nov 27, 2022 1:07pm Nov 27, 2022 1:07pm
Although USDJPY price action on the daily time frame is sideways, the order flow context and recent technical pattern favour further southward move as price action retests the 139.030/132.140 monthly demand zone (purple). However, the 137.380/135.370 horizontal support area (green) may present a strong bullish challenge to bearish drive.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
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