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USD/JPY

  • #1
  • First Post: Jan 15, 2008 3:47pm Jan 15, 2008 3:47pm
Is there anyone who have any idea where the usd/jpy will go? I am long in this pair.
  • #2
  • Jan 15, 2008 3:50pm Jan 15, 2008 3:50pm
Quoting acedeno
Is there anyone who have any idea where the usd/jpy will go? I am long in this pair.

Buddy look at the economic data. Its worst. It will pull back but long is not good idea.
  • #3
  • Jan 15, 2008 4:00pm Jan 15, 2008 4:00pm
Hoping to see 100 not too far away down the road... until then I just hope retraces don't kill my short position.
  • #4
  • Jan 15, 2008 4:17pm Jan 15, 2008 4:17pm
get into u/j long now!!!!.

not ej or other but just uj, the dollar is going to strenghten hard...
why? i dont have any idea, its just the technicals at play.
  • #5
  • Jan 15, 2008 4:56pm Jan 15, 2008 4:56pm
Quoting acidguy
get into u/j long now!!!!.

not ej or other but just uj, the dollar is going to strenghten hard...
why? i dont have any idea, its just the technicals at play.
And what technicals are bullish on UJ right now?


Edit- and why is this a different thread? We already have a USD/JPY thead..
  • #6
  • Jan 15, 2008 5:58pm Jan 15, 2008 5:58pm
Quoting Trader KGB
And what technicals are bullish on UJ right now?


Edit- and why is this a different thread? We already have a USD/JPY thead..
very easy, look at the historical bottons on this pair and you will notice something, anyway is not a big bet, just did it with microlots.

at this levels many carry trades are liquidated. so there is not much risk.
now moving at fundamentals. + sl can be easily placed around 106.30.
and probably some carry cows could enter to take some risk looking into tomorrow data.
  • #7
  • Jan 15, 2008 6:04pm Jan 15, 2008 6:04pm
Quoting acidguy
very easy, look at the historical bottons on this pair and you will notice something
I notice the monthly trend from 1995 is clearly broken today..
  • #8
  • Jan 15, 2008 6:20pm Jan 15, 2008 6:20pm
Quoting Trader KGB
I notice the monthly trend from 1995 is clearly broken today..
in my personal opinion that not means much, if you notice many of the uj bottons are 2 candles, 1 that signals a retracement,then we get another new low on H4, are not normally a bearish signal? this pair does not obbey to that.

remember just eu how many people said it was really though to break multiyearly 1.40 , 1.45??? eu broke them like nothing. same with gu and well you said it.

1995 support was broken with ease. so what is important now and not before...

+20pips right now. but in any case my tp is below that resistance.

win-win, if tp is hit in some time, i win some $, if not, risk a % of my today earnings but get something better, knowledge.
  • #9
  • Jan 15, 2008 6:34pm Jan 15, 2008 6:34pm
can anyone provide me with the support and resistance?

appreciate it. tq
  • #10
  • Jan 22, 2008 2:00pm Jan 22, 2008 2:00pm
I think we are in a supprt and go to 113 in a few week, but this week still will be BAD to USD...

Best Regards,

Marcelo Marques
  • #11
  • Jan 22, 2008 5:51pm Jan 22, 2008 5:51pm
was it just BOJ intervention?

I think so.... I wuold go short, but IF it was intervention they can do it again today...
  • #12
  • Jan 23, 2008 12:36am Jan 23, 2008 12:36am
Quoting acedeno
Is there anyone who have any idea where the usd/jpy will go? I am long in this pair.

i read from a magazine. this guy say he will buy JPY. why ? i think is because of carry trade. as US reduce interest rate, poeple will exit carry trade. until equity bottom, then he will buy JPY.


Short USD/JPY at high.

personal opinion.

i am wondering why this forum don't have much people to discuss fundamentals. fundamentals is the one which predict the long term trend.
all technical how to survive.
  • #13
  • Jan 23, 2008 2:14am Jan 23, 2008 2:14am
Quoting jackolee
i read from a magazine. this guy say he will buy JPY. why ? i think is because of carry trade. as US reduce interest rate, poeple will exit carry trade. until equity bottom, then he will buy JPY.


Short USD/JPY at high.

personal opinion.

i am wondering why this forum don't have much people to discuss fundamentals. fundamentals is the one which predict the long term trend.
all technical how to survive.
sorry but those in my opinion are not fundamentals.

and if we go by fundamentals, japan want to reduce rates to 0.25%.

also we have gbp, euro, nzd, aud, which are high yielders, while they keep high, fed cut rates, and there is risk appetite, carry traders will find ways to join the market again.

so uj probable 110 in the next couple of weeks.
  • #14
  • Jan 24, 2008 3:08am Jan 24, 2008 3:08am
Quoting acidguy
sorry but those in my opinion are not fundamentals.

and if we go by fundamentals, japan want to reduce rates to 0.25%.

also we have gbp, euro, nzd, aud, which are high yielders, while they keep high, fed cut rates, and there is risk appetite, carry traders will find ways to join the market again.

so uj probable 110 in the next couple of weeks.

actually i am looking at short time frame. i short it around 107 . never expect it to touch 105 and rebounds back.
  • #15
  • Jan 24, 2008 9:26am Jan 24, 2008 9:26am
very danger... i still thik 113... so lets to accompany

Best Regards,
Marcelo Marques
  • #16
  • Jan 24, 2008 9:56am Jan 24, 2008 9:56am
It looks like Going short around resistance would be a good idea.
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  • #17
  • Last Post: Jan 24, 2008 10:25am Jan 24, 2008 10:25am
Drop so much...it time to go up.. if USA leave..


http://clip2net.com/clip/m4532/1201191864-clip-17kb.png

Regards

Marcelo
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