USD/JPY Discussion

OMG! That looks like a mainframe shot out of a 1960's movie!

This baby is on it's way down. I'm showing we are in Wave 5 and on to new lows!

Hi pls can tell me the best time to trade usd/jpy hope to hear back from you.

When the market is open...LOL!

Seriously, it depends on what type of action you like.

When London/NY open, usually fast and furious with large range.

When Tokyo open, usually slow and steady with narrow range.

There's usually not a bad time to trade for this pair ...

http://i31.tinypic.com/256wqpc.gif

A new day...

Does the USDJPY break through resistance or test support?

http://i32.tinypic.com/k365iv.gif

Moving averages pointing upward at the moment.

Nice chart! Do you have this template anywhere in the forum?

No. They came from a poster on another forum.

Resistance for the US Dollar against the Japanese Yen is the top from 3 April at 102.95, followed by the tops from 11 and 5 March at 103.70 and 104.30 respectively. Next is the very strong resistance at 105.00, where the broken bottom from 23 January is, after which brake the currency couple sharply dropped. Support today is expected at the levels 101.30, which is 38.8% correction of the climb 98.85 - 102.90, which limited the dropping last Friday. Next support is the broken top from 25 March at 99.80 and 98.60, and the psychological 100.
Technical resistance levels: 102.95 103.70 104.30
Technical support levels: 101.30 100.80 99.90

http://i26.tinypic.com/6qjvnl.gif

Lower fib projections hit.

http://i26.tinypic.com/ncnij9.gif

Mixed SAR readings across the board.

http://i28.tinypic.com/2s81xdx.gif


Looks like support was tested on the daily.

http://i30.tinypic.com/zx8aw1.gif\



Lower fib projections hit on the H1.

Looks like USD is taking another beating again ...

Good trading day both Indicators and fundamental are pointing to south . My indicators are still giving sell signal.

http://i25.tinypic.com/2nh3toz.gif


How low can it go?


http://i25.tinypic.com/ml6sle.gif


Are we there yet?


http://i25.tinypic.com/2uhqr0l.gif


Not quite.

It can go below 100 to test low of 2008

However be careful folks as G7 meets in Washington on Friday.

They are planning some drastic measures and though it might not happen on Friday, it will happen.

We are at Meltdown stage now.

Look at Oil --- Quick recovery of Gold over $900

US Dollar Index again approaching Lows

ECB NO Rate Cut in 20 minutes ?

So Here we are...

Be in touch soon as I did not forget.

Good Morning to All

Bruce

P.S. Jobless Claims OVER 400,000 again sends us DOWN to 99.00

Jobless claims less than expected but the 4 wk ma is still over 370k but apparently that's not a problem

http://i28.tinypic.com/350kprs.gif

Penetrated the lower fib projections and came roaring back.

any idea about 150 pips up??