USD/JPY Discussion

how soon before you think it hits 103's

Today? hm

kidding but it will eventually hit 103, 102.. 101 even in this wave i just do not know the timeframe, but if the decline accelerates and we see no friday-spikes then today we should see sub 103. Anyway, if it didn't happen, then next week, weekly studies are making bearish candle and even if it rallied back, the damage has occured already by the break below 104.95 and medium term fibonacci top (the high of expanded flat correction) at 108.60

To be more specific, I am surprised usdjpy resumed decline too fast, but the decline should continue for a few weeks.

The Japs are making sushi out of dollars .....

hahha

that was a FAST 20 pip drop

any trades open guys?
BK

i have had a short open since 104.72, with a TP at 104.00. Support is at 103.50 so I should have profit by end of day

i am in short @ 104.30 tp of 20 pips.
BK

Congrats guys I closed earlier short from 104.85 already. I will short next week up leg.

drew my fibs wrong and closed my trade +1 pip.
Thank god.
BK

Never mind, you will get another chance to short it again.. thank god anyway.. gl mate

According to the line connecting all 3 previous lows - it's headed towards about 1.034

In for a small short - 104.42, SL 104.6, TP 104.1 but may move it down further if I'm by the computer.

Out on TS with 6 pips. Breached 104.2 probably going to continue down, but no trade for now.

Anybody looking for a long trade? it is very interesting right now... mmm...


I ENTERED LONG!!!! uuh!!!

Hit projected sub 103. Gl

what does it mean?

hmm...interesting, actually it's kind of a pin bar developing on the 4H, although not the really handsome Mr.Pinnochio but it's there, i am thinking over it for now...so far still very undecided....but best of luck with your long...

Guys, for serious, usdjpy is moving in its greatest bear wave you will ever see. It should continue the downtrend for months, so if you go long, always protect with a stop.

This third wave of three. Do the match
100, and 95 are objectives for this wave.

yeah im in short again until support at 103.50 hopefully we see it by the end of the day