USD/JPY Discussion

No. I have 8 positions open ranging from 141.50 to 145.00. My SL is 146.400, TP 151.200. I'm FIFO so if it hits my SL they all go.

wa 1pip 10 dollar

i c. i manage to get out of my position in BE n went in then it crashed. seems like either im jinx or i am just slow.... always come only when party ending n got stuck to clear the garbage left after party

USD/JPY Weekly long target 172. We appear to be in Wave 5 of 5.
154.600-157 looks like a good place for a possible first rate cut to retest the current highs before finishing off.





HOWEVER... Wave 4 also does not appear finished. If it were it would IMO look more like an ABC shown in blue. FOMC is in a week. Looking for the direction to unfold tonight or tomorrow. If it points down. Looking for a Wave C to come in around 140 area.


More than likely though it will bounce around these levels before going to the low. So.. three scenarios.

UJ has a nasty habit of turning JUST when you think it is ridiculous that it will. The circle is where you posted and looks very much like a wave 3 finished. If so 144.9 area could see some support before 143 gets some love.

Short term short target. If this continues I am targeting the SECOND lower High. When price takes out two of the previous lower highs to me that signals a bearish turn. I don't think it will turn bearish on the medium time frames, so that is the farthest I will give it. Will look for longs around that level unless we bounce off of 144.5 level hard. Then 143 will be viable imo.

Just bought

The lowest I bought I set too tight sl. It hit n went back up. manage to collect 15pips only in my small account
It's midnight here so good night everyone

Very good. Now just waiting for tomorrow's GDP reading.

USDJPY price action on the H4 time frame is presently sideways. This represents a decline in northward momentum under a dominant bullish technical structure. Technically, we can expect further bullish drive.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

USD/JPY (Daily):
The price is now consolidating at the resistance, forming a reversal setup.
If the local 147.000 support is broken, then this will be a confirmation of the potential start of a long-term downward movement.

Short UJ. Target 138.5. Stacking every 75 pips martingale style trade.

USDJPY price action maintains a bullish mode on the daily time frame. Presently, it is below the 149.00/152.00 horizontal resistance zone (purple), seen on the monthly time frame. But, further northward drive would target the 150.600/151.400 daily supply zone (red). Under the prevailing technical condition, any southward charge would be corrective, giving way to a more feasible northward drive.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

USDJPY 4 hour chart

Sell Usd /Jpy harmonic type 1 on the hourly

tp 148.27

USDJPY price action went sideways on the daily time frame as it retested the 149.00 area. Both the dominant technical structure and the technical impulse favour bulls more than bears. Therefore, any southward drive would be short lived.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Nomura bearish USD/JPY, expects potential BOJ policy shifts, verbal interventions


https://www.forexlive.com/centralban...ions-20240213/

BOJ has been collecting since 2016. Time to give some back... And where are they going?

means u are out now ?

Just sell again