USD/JPY Discussion

Yesterday's UJ price action showed that UJ is very strong, with the price remaining stable in the high range and showing no tendency to attack the lower support area of 153.30 - 153.40.
I think opening buy trades is appropriate for targeting higher prices.

How far will it go? Nobody knows! LOL!

at 155.1x.
Just my target, it could change on the actual rate move

What timeframe are you trading? Please.

Edit: I got 155.1x on the H4 outside band. It would be nice, trade safe y'all.

Daily, friend.

I'm going to give y'all one more before I go to bed.

Are you holding through this sideways movement or exiting? I exited a couple of hours ago but not sure if that was best right now

This market is going down! You heard it here first

We mostly had sideways consolidation in the past day between the short term support and resistance levels, as expected.


I am not convinced that it will really go up but until the channel lower trendline is not broken, I have to consider USDJPY bullish.

Due to the recent price action and the fact that the Yen index is almost at a major low level that acted as support in the past, unless there will be some major catalyst events (for Yen weakness or USD strength), I am looking for 154.800 as maximum target to the upside. If price will reach this level I will reassess the possibility of further upside or a more consistent pullback.

If the channel would break to the downside 153.700 and 152.900 zones would be my immediate short target levels.

Profitable trading to everyone!

My plan

A thing of beauty ?

It won't be like yours. But i'm happy with this.

I want to short Uj with the expectation that Uj will down to fill gap 149,xxx. But not at this time for me.

Oh crap! How am I going to pay my rent now? Just kidding. Risk management in play!

Expect low volume across the board today, with US Veterans and bank holiday! Myself included SGT/E-5 FloridaMan 1982-1990 US Army!