USD/JPY Discussion

Long............. SL at 16.13 fttb...

The turnaround occurs when every yen cross pair is at a new annual high and the media is only talking about it. About now. Pump and dump. Time will tell.

Beside the already trapped retail sellers who sold from 1501-155, this week we got new sellers who joined selling from 160 thinking BOJ will intervene and I wanrned here beforehand what was happening that it’s a trap and many are now just 110 pips in drawdowns and still holding, soon we will get a short squeeze to 170-175, and they will be in huge losses, hence why if u listened and bought hold those buys, the payout is gonna be huge as the loss of these sellers will fuel price to move higher and higher

My situation : Short. --- SL at 160.70

There's a double bottom on USD/JPY and this pair remains bullish. I am taking it for a buy and taking profit at 161.057

USDJPY price action on the H4 time frame turned sideways on Friday at the 160.830 intra-day horizontal resistance area. Presently, the bullish momentum is waning.

I may be wrong. Trade safe and prosper.

KP

As the quarter candle closed bullish, we are gonna head much higher, no intervention in sight, the trap worked perfectly again as bears sold at 160 expecting an intervention, soom their 100 pip loss will grow to become hundreds of pips in drawdown as we head to 164, then 168

USDJPY monthly chart:
first circle= resistance.....the second is 1.382:will be second resistance?

USDJPY 4H chart:
once again here is HENRY'S PITCHFORK at work with AB swing and parallel channels
now...false break or break?

JY 5' --- Long , as shown.............

this is the second possibility with the XY swing

It seems that Japan has done nothing as usual after changing its chief currency officer. Monetary intervention is not coming anytime soon

short @ 161.630

My personal opinion: I won't short UJ any time soon as we have some important key levels at 164-168. Unless you are scalping this I don't see any Bearish signal and all the fundamental points to Bullish until 164-168.

Be safe & profitable all of you!

closed @ 161.346

I know you are long and you want UJ to go upto 199 but thats not how real world works, as soon as USD will lose the ground by decreasing interest rates USD will sink.

My situation in JY : 2 longs as shown. SL at 161.60 fttb..............

The BOJ and government of Japan seem to not know what a balance sheet is, nor do any of them understand what their balance sheet means for Japan. There is no fiscal discipline and only punch bowl forever. And the idea that punch bowl forever just perpetuates the problem is not even on their radar. And every time they prop up another hundred thousand zombie companies they seem to think they have done their job.

I don't want to wash dishes on the top of the mountain . Close all my Longs from 158.3 .I'm a coward.

try to short at 161.41 aim 50pps