Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

USD/JPY Discussion 4 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

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.
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

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily_Nov 20, 2022.png Size: 12 KB
Do your homework, follow the footprints of smart money
#USDJPY / Weekly, Daily, H4 & H1
Attached Image (click to enlarge)
Click to Enlarge Name: CWJkqe5.png Size: 28 KB
Attached Image (click to enlarge)
Click to Enlarge Name: XPooxwj.png Size: 27 KB
Attached Image (click to enlarge)
Click to Enlarge Name: T2MLn10.png Size: 32 KB
Attached Image (click to enlarge)
Click to Enlarge Name: swKLLj2.png Size: 31 KB
NICE profir at target one .....but kept going ...oh well who knew...
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

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily_Nov 27, 2022.png Size: 12 KB
Do your homework, follow the footprints of smart money
Look at the last 4 daily candles.The pair is clearly struggling to make new highs. So what should you do other than telling your mother about this good news? You should look for shorting opportunities !!!!!!!!!!!!!!!
Quoting StoppedOut
Look at the last 4 daily candles.The pair is clearly struggling to make new highs. So what should you do other than telling your mother about this good news? You should look for shorting opportunities !!!!!!!!!!!!!!!
Logic does not apply to USD/JPY. Only wild speculation.
When you feel like you HAVE to trade is when you least should!
Quoting OBsayMkMoney
150.6 next stop. It will be blown though. Buying Oct... Selling Nov, then Buying Dec. if the retracement is done. Otherwise Jan.

Long through FOMC. Possibly a dip tomorrow, but starting Sunday Bullish lean for me. Daily wave 4 to take out the recent highs. Going to plan. I said buy october, sell november and buy December. So far so good. If plan continues to roll out 157 target, and buying crypto when it hits 12000-8000 area. Trade safe
When you feel like you HAVE to trade is when you least should!
thats 500+ pip dive in just a matter of days. wow. XXX/jpy pairs are really quite something of late.
rejection of 200 DMA after the NFP report?

could be a big bear trap
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_2022-12-02_08-39-52.png Size: 38 KB
don't believe in mumbo jumbo from gurus & charlatans
Quoting ForexGoose
rejection of 200 DMA after the NFP report? could be a big bear trap {image}

We needed a wave 4 to the downside.. we got it. Now we take out the recent lows and then start our way up. IMO
When you feel like you HAVE to trade is when you least should!
Quoting ForexGoose
rejection of 200 DMA after the NFP report? could be a big bear trap {image}
i will sell it next week if it closes below the 200 DMA today
don't believe in mumbo jumbo from gurus & charlatans
Quoting ForexGoose
{quote} i will sell it next week if it closes below the 200 DMA today
I am already short 300 lots in 3 tronches!!! Up 90 pips altogether!!!!
it appears usdjpy is going after the august lows now!!
Quoting ChiForex
This is a long term sell and forget level. Reminds me of 80 level with lots of BOJ interventions at that time and see where we are today Only idiots of speculators buy at current price levels!
A reminder for who didn't understand at the moment price was hovering 149-150, get it that you never go wrong on long term
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
Dear USDJPY mates,

Hope you are all well. I have been waiting for long potential to happen again

I have a first buy stop 135.60, anticipating the 12H inverted hammer break out with the help of significant support. Note that it is also Friday's first 12H high AND, remember my 135.6 long many weeks ago which had done well AND half way from the recent lower low and my next buy stop 137.6, which would bring price right back into November levels + remember the extremely significant 29th of August move!

Many coincidences = pattern

2nd Chart is zoomed out to show that, not only is this a typical uptrend retracement, but also to remind myself what can happen when such levels are broken with enough sustained volatility (momentum)! Last time it was hit head on, it marked the reversal. So if price ever breaks below it, I will definitely be looking to short it AFTER any decent resistance under it, so after resistance formed <134...

Wishing to all fellow traders reading this an amazing trading week !!!!!

Quick updates of my live shares:
Quoting mtako
...12H pullback. buy stop 129.8
Quoting mtako
...In high quality 12H based trend/momentum/ripe volatility at last(that could blow up in my face!), am attacking the significant highs of the 15th&16th of June = Buy Stop 135.60...
Quoting mtako
{quote} {quote}...15min volatility growth in high&tight momentum breaking the bear candle setup! Buy stop 137.70...
Quoting mtako
{quote} {quote} {quote}First dynamic TP for my second usdjpy adventure of the year is near enough to announce : 150.50, and will change, especially if not hit by Thursday. My 2 other positions' stops are trailing closely now, around 145 and 142. Notice the one target in the highs, while the others are trailing. Notice the awful drawdown! Potential...
Quoting mtako
{quote}{quote}{quote}{quote}My shared 137.7 long was closed today +1280 pips...
Quoting mtako
{quote}dynamic SL now at 147.77, securing +55
+977+1240
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jpy1.png Size: 30 KB
Click to Enlarge Name: jpy2.png Size: 27 KB
If I don't mention SL and TP = longer-term setup possibly in the works!
USDJPY price action on the daily time frame is bearish. However, it is experiencing bullish challenge as it tackles the 135.900/132.300 horizontal support zone (green) seen on the weekly time frame. Although we may still see further southward move, a bullish pullback is imminent.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily_Dec 4, 2022.png Size: 12 KB
Do your homework, follow the footprints of smart money
In the daily period, apparently the third rising wave of the senior level (3) has ended and as part of that wave 5 has been created in (3). In the 4-hour time frame, a downward corrective movement in the form of the fourth wave (4) has started to grow, in a way that wave A in (4) continues to be created. In the period of 1 hour, apparently, the fifth wave of the junior level, i.e. v, grows in A, and wave (iii) is created in v from within it. If the proposed assumptions are correct, the pair index will continue its downward movement to the levels of 127.32 to 133.16. In this scenario, the level of 139.90 is very important. The failure of this level will cause the pair to continue its upward movement towards the levels of 143.75 to 145.74.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 11 KB
Click to Enlarge Name: USDJPYH4.png Size: 11 KB
Click to Enlarge Name: USDJPYH1.png Size: 10 KB
Observe the obvious its going lower.
I have a definite short bias .. BUT the 200 DMA is resistance for the moment. Lets see what type of bounce we get to short again.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 5 KB
2 traders viewing now