USD/JPY Discussion

palpite what are the MA you use

Looking back in the chart, starting at 22Aug @ 1400 UTC we look to be in a down trend.
But, I can also see the reversal, going up to the resistance at 146.500 at least.
I also see your EMA indicator. Hmm.. pretty confident on the long position? Newer to FX, so I'm curious about why we wouldn't follow the downtrend?
Just a friendly question, Thanks Palpite!

Powell can still take us to 148 for the week.... come onnnn!!

It tried to break lower too many times and it failed, logical move is to go back to 149 and try to break higher.
Looks like banks took enough money from the chainsaw moves for the past 2 weeks, and a lot of retails burnt because of that, a lot of orders have been placed as well, but what matters at the end is Lots management.

I retract my previous post. You were right about this. I took your call out and grabbed a quick 80 PiPs!
Thanks Palpite!
What is the name and settings of your Sto indicator? Thanks again.

USDJPY price action on the daily time frame is bearish. Several days ago, price action broke down a rising channel (purple) within which it was operating. There was a bullish drive that restored price action within the channel but bears pushed back to break down the channel. We may still see further southward move in the early part of this week; this may lead to a retest of an intra-day area of value.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

The number one business owner in Japan (UNIQLO) is sounding the alarm that the Japanese people will perish in the future. I agree. Fundamentally, the value of the Japanese yen will be lost.

https://news.ntv.co.jp/category/econ...e3d80906018e38

I think we can go bullish if price is able to break that ftr / red box

I m going to take some risk in that key level.
not a signal
trade on your own risk
just my opinion

Easy Trade
If we can manage risk, we can be profitable from this setup

i am long...are you???

I went long on EJ and GJ

nice I went long ej too

Well joke is on you guys because I'm still long so we're probably fked!

CPI comes out a 1am est, so the FF calendar says. Get ready to kiss that money good bye!

The USD/JPY has reversed after a sharp drop, rising in line with StopHunt activity.
The clouds have thickened and it has stopped at the Fib50 cloud horizon. It has also been blocked by the Resistance red line and is dropping slightly.
I wonder if this will be a good point for shorting, but there is also a milestone band above, so will it be difficult to raise it to 61.8?

Regarding the situation in the Middle East, if the military conflict between Iran and Israel escalates into the fifth Middle East war, we need to be wary of factors that could lead to a weaker yen due to the oil shock and the possibility of dollar buying in the event of an emergency.

what is price saying?
what type of price action is this ?

can we go bullish if price breaks this ftr ?

can we go bullish in dollar ?

It was created to kill martingale grid traders...