USD/JPY Discussion

I’m glad to finally see you 147 but can we make it 147.0 and potentially 146.5? Jk but naw . Lost about 5% chasing this one move. Fundamentals whatever technical whatever but what about timing ? Is this day gonna wic?
Depending on unemployment I’ll add or reverse position…. Bad Nfp cause UJ to go to 146.5 for sure ?

Looking for some bullish pressure. Watching to see if it doesn’t want to wait for nfp. Betting on a big wic but not sure when the opportunity is. Hopefully can manage trade well while at work lol

@Lecedric: I know what you mean with managing trade... hope you exited some longs. Anyway the downmove of last 150 pips was very expensive for the sellers. It is only due to elite who change USD in EUR to harm trump and USD/JPY has to follow due to correlation of weak USD. But it has no big fundamental issue. That'S why you see the small spikes down and up, down and up... . Awesome to trade if you know the background. I managed to take 3 trades today, just finished the 4th. But I'm pissed cause I left 10 more trades. It is difficult to trade if you don't know the reasons behind a move.

Aim for USD/JPY is 147.90's at least. Cheers.

Congrats. Made all right. I took only 25 to 30 pips - before the big upmove. Was evident. I was too shy this time. Lack of experience to trade such moves. Quite seldom occurance due to big money shifting into EUR.

@JackintheBox Yo JACK ATTACK! thank you, I googled how to hedge using UJ and EU popped up I was like huh ? I faintly remember when I caught a lot of the "unwinding trade" where stocks went down accept for Japans stocks I think ... I like fundamentals and caught that move when UJ was in 160s. just knew that it was time during NFP I think. I need at least some logic. didn't I hear once that trump thought yen was too high ?? I did better today than any other day the past few weeks only because the market actually made sense to me. I woke up not knowing if I was in a trade I looked and didn't see I was in one but that I closed out of one for 1% ! then went back to sleep (its possible) the Market moves during news events and/or over the length of a day leading up to one. those moves are fun to be in and make me. excited to trade.... but boy did I start to spiral being early.... trying to make back a lot of the loss from the past month by being desensitized to the money lol and being confident (preparing for the opportunity ) Still holding ... why do I add and hold losers and never to winners >??? cause IM AT WORK AND CANT MANAGE SIZE WITHOUT SPIRALING lol

Technically would start to sell here… but how much pressure does bulls have ? 50 -80% and nfp threathens 100%and beyond?? Watching

Did anyone follow along?

If Price can hold above 148.0- it could then target 148.50