USD/JPY Discussion

Technique says that the winding path of the samurai lies to 139.50

hello i think usdjpy will go down to 133 and go up to 137
if you aggree with me told me
if not told me why

Very healthy big spike up on US open today

yes, but I wouldnt trust it. My 4hr chart says we revisit the lows before moving upwards. I could be wrong though, but that large candle engulfed the ones after it. Usually when that happens the entire candle gets a retest.

I've closed my long at 134.94. Something is wrong here. I believed that 146.00 should be the target but we will go down. Just my opinion. Markets don't want to buy dollars.

Long again from 134.84. I'll trust.

USDJPY price action on the H4 time frame entered a sideway mode after a bullish push from the lower part of the 134.200/136.390 horizontal resistance zone (purple) seen on the weekly time frame. We may still see further bullish move, perhaps to an area of value such as a market imbalance or the breaker area aligned to the upper part of the 134.200/136.390 horizontal channel (purple).

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

There will be an opinion at the Bank of Japan's monetary policy decision meeting at 8:50 on May 11, Japan time, but there will be no major changes in monetary easing stance, so the yen will move in the direction of depreciation.

USD/JPY (1H): The price may soon break through the local resistance and start moving towards the 137.500 area. Daily bar is going to be Bullish

USDJPY: 60 Pips in 2 Minutes. Not bad. any news?

at this point i'm just convinced that any good or bad news is just taken as bad news against the usd. the market bias is strong here and should really be corrected i feel, especially for this pair.

USD/JPY (D1) has formed a price action pattern at the ascending trend line and 134.000 support zone. Potentially, we may soon see a continuation of the uptrend towards the 137.500 resistance area.

DXY approaching the 50 day SMA.

USDJPY price action on the daily time frame has made a bullish push above a minor area of consolidation but it is still within the 134.200/136.390 horizontal resistance zone (purple) seen on the weekly time frame. Nevertheless, we may still see further northward move in the early part of the week.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

just aiming 14pips
short from 135.85
let see 6-7 hours later

edit : Target hit, i didnt see CAD news there..

Buy Limit 136.09, Target 136.20

edit : buy limit active and target hit

It may be peak short prevailed

USDJPY going to 138.00 ? thoughts and opinions . I believe after around 137.70 it'll spiral down , what's everyone's thoughts ?

This ^^^^^^^^^^^

Again, as expected, the dollar appreciated. The dollar will remain strong for the time being.