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USD/JPY Discussion

  • #5,561
  • Jan 8, 2008 10:36am Jan 8, 2008 10:36am
Quoting Kaligula
In my opinion what we saw before, was that proper fall happend two hours before news and when we started to sell on news bigger traders took their profits. I saw so many times that situation, that i feel lik an idiot to get catched to it. Anyway it happend simply because i came to late for news. I wanted to trade from morning.
That, what i expect now is going up after breaking 109.80 but it gonna happen at asian session.
Thats what i think:
Your graph is right till now but i have a short position at 108.94 so i hope that it makes atleast to this point.
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  • #5,562
  • Jan 8, 2008 12:31pm Jan 8, 2008 12:31pm
Quoting Kaligula
In my opinion what we saw before, was that proper fall happend two hours before news and when we started to sell on news bigger traders took their profits. I saw so many times that situation, that i feel lik an idiot to get catched to it. Anyway it happend simply because i came to late for news. I wanted to trade from morning.
That, what i expect now is going up after breaking 109.80 but it gonna happen at asian session.
Thats what i think:

doesn't that triangle on your chart mean that price will go down? correct me plz if i am wrong.
  • #5,563
  • Jan 8, 2008 12:38pm Jan 8, 2008 12:38pm
i'm short from 109.30 , will be ok ? must be
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"..buy gossips, sell facts.."
  • #5,564
  • Jan 8, 2008 1:30pm Jan 8, 2008 1:30pm
In my point of view USD/JPY has defended that 108 level and has ran out of gas for now. I see a move up to 117-119 in a long term run as EUR/USD will go down to 1.40 and may be 1.37-36. I am long of usd in a huge amounts.
  • #5,565
  • Jan 8, 2008 2:31pm Jan 8, 2008 2:31pm
Quoting alboforex
In my point of view USD/JPY has defended that 108 level and has ran out of gas for now. I see a move up to 117-119 in a long term run as EUR/USD will go down to 1.40 and may be 1.37-36. I am long of usd in a huge amounts.
don't expect this that much soon
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  • #5,566
  • Jan 8, 2008 3:58pm Jan 8, 2008 3:58pm
Welcome 108.20 Again..
It will push down on Wednesday.. Good time to short
  • #5,567
  • Jan 8, 2008 4:02pm Jan 8, 2008 4:02pm
Quoting jacobtrader
Welcome 108.20 Again..
It will push down on Wednesday.. Good time to short
i am looking forward for some retracement
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  • #5,568
  • Jan 8, 2008 4:03pm Jan 8, 2008 4:03pm
There wont be any retracement.
It will push down..
All retracement have been done on Monday And Tuesday..
USD/JPY Daily Chart is making a Shooting Star.. which is bearish Signal..
  • #5,569
  • Jan 8, 2008 4:20pm Jan 8, 2008 4:20pm
USD/JPY pair in 4hr chart has crossed the Pennant..
And turns out to be bearish..
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  • #5,570
  • Jan 8, 2008 4:32pm Jan 8, 2008 4:32pm
do you really trust the carry cows and boj will let the yen appreciate too much???

avoid taking as reference to uj, make trades according yen futures.
which by the way are really highs compared to current japan rates....

boj is watching and would not like to be caught by a market intervention.
  • #5,571
  • Jan 8, 2008 5:18pm Jan 8, 2008 5:18pm
Quoting jacobtrader
USD/JPY pair in 4hr chart has crossed the Pennant..
And turns out to be bearish..

NICE CHART LOOKS LIKE U ARE SHOWING US SOME DIVERGENCE THERE?! GOOD STUFF

do you think the lower support levels coming up will hold uj up though? maybe she can bounce off of those supports of 108.59 or 107.9? possible or is your opinion that they are done for? good stuff!!!!!
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  • #5,572
  • Jan 8, 2008 6:13pm Jan 8, 2008 6:13pm
It will fall.
We all just have to take deep breath.. and be patient..
All retracements everything was done on Mon and Tue

Today there will be a FALL..

On thursday, ECB Cuts.. Euro Falls.. Dollar Rises.. USD/JPY rises too..

So it all looks like a game
  • #5,573
  • Jan 8, 2008 7:02pm Jan 8, 2008 7:02pm
dont buy much of that, last news from Australia put some pressure weakening yen.

anyway, the best pair for carry trade right now it aud/yen, so forget your dreams of yen strenght it just has not place now.

the owner of the currency ""Japan"", is in our side.


+ today news, if dow bounces tomorrow we probably ll get 110 uj.
  • #5,574
  • Jan 8, 2008 7:56pm Jan 8, 2008 7:56pm
I posted this on the CAD/JPY thread, but I just wanted to call it to attention here too. This has been a literal pip printing press for a week now. USD/JPY has now tested the 23.6 fib/109.75 for the seventh straight time. A short at 109.75 with a stop at 110 has been golden (I'm mainly trading this via G/J and C/J, but U/J would've been just as profitable).

The green trendline below is the major monthly trendline that extends back to 1995, a significantly safe buyzone (for the time being).
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  • #5,575
  • Jan 8, 2008 8:03pm Jan 8, 2008 8:03pm
Quoting Trader KGB
I posted this on the CAD/JPY thread, but I just wanted to call it to attention here too. This has been a literal pip printing press for a week now. USD/JPY has now tested the 23.6 fib/109.75 for the seventh straight time. A short at 109.75 with a stop at 110 has been golden (I'm mainly trading this via G/J and C/J, but U/J would've been just as profitable).

The green trendline below is the major monthly trendline that extends back to 1995, a significantly safe buyzone (for the time being).
i have got a buy entry above that level. if it breaks we should get a nice move up carrying the gj with it
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #5,576
  • Jan 9, 2008 12:14am Jan 9, 2008 12:14am
It is going up again... what is the matter? It has been 8 times that this pair going down again when it comes to 109.79. Would this be the 9th time?
  • #5,577
  • Jan 9, 2008 12:24am Jan 9, 2008 12:24am
  •  Trader#0000
  • | Status: Unregistered Trader
Damn this pair and its false breakouts!

Price pretty much retraced all the way back up from the downside breakout!
  • #5,578
  • Jan 9, 2008 12:41am Jan 9, 2008 12:41am
not to worry.
its Japenese Stocks due to that it rised.

It will come down, We are still in good down trend.. pattern
  • #5,579
  • Jan 9, 2008 12:54am Jan 9, 2008 12:54am
lol, while you were predicting to the downside. just made 50fast pips on the way up.
when the 95% masses agree a currency pair goes certain way, goes the opposite, also when you see the japanese market falling big and near support the yen tends to devaluate. boj help it exporters doing this. + Bush plan is giving some confidence to carry cows.

i am out cause not being risky but the retracement likely gonna continue to 111.50,

and if usd by its own way rally to eu 1.45 as expected, uj likely to go 113.
+ remember we are at dow jones support, carry traders think its gonna rebound.


BUT....

if dow jones breaks support, expect mass carry unwindings.
  • #5,580
  • Jan 9, 2008 1:09am Jan 9, 2008 1:09am
Quoting acidguy
if dow jones breaks support
That already happened..

"Things got very ugly into the US equity close as critical support levels in the DJIA and S&P that defined the uptrend recovery following the lows put in place after the 2000 highs were penetrated."
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Mihisti