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USD/JPY Discussion

  • #7,101
  • May 22, 2008 10:11pm May 22, 2008 10:11pm
UJ going down.
  • #7,102
  • May 22, 2008 10:14pm May 22, 2008 10:14pm
Quoting cvarnado
UJ going down.
I hope you are right .... it appears that it is ...
  • #7,103
  • May 22, 2008 10:20pm May 22, 2008 10:20pm
Quoting Schminner
I hope you are right .... it appears that it is ...
In the short term I think the true test is 104.00. If it makes a clear break of that then I see some downward breathing room. I would cover on another bounce.
"A goal without a plan is just a wish."
  • #7,104
  • May 22, 2008 10:23pm May 22, 2008 10:23pm
If it can break the 1st barrier 104.00 and the 2nd 103.95, then i'd have a little more faith it might free fall .... somebody get UJ a sledge hammer ...
  • #7,105
  • Edited May 23, 2008 3:04am May 22, 2008 10:33pm | Edited May 23, 2008 3:04am
Quoting Schminner
I smell a signal ....

03:17 USD/JPY: Easier, Back Down Towards Early Lows, Bids Sub-104

Tokyo, May 23. USD/JPY looks to be without direction, especially after the Tokyo fix. It has eased towards the very early 103.95/00 lows, currently indicated at 104.04/06. Bidding interest seems to trail down below 104.00, notable especially at 103.80 and then towards the 103-lows. Stops are not seen till below 103.00. Topside, more orders look to be coming, especially stops. They are notable above 103.40, 104.38 the high in New York overnight, and especially above 104.50. Offering interest is seen ahead of the New York high and from 104.55, trailing higher, but more stops are eyed above 104.70, 104.69 the high on the 19th, and then above 105.00. - Thomson Reuters.com

T R A N S L A T I O N
美元兑日元：朝早盘低点回撤


美元/日元暂时失去方向，特别是在东京定息时之后。
  • #7,106
  • May 22, 2008 10:36pm May 22, 2008 10:36pm
Bearish Divergence on the 4H, with this bar that closes in 25 mins.

RSI touching the Overbought area.

Price under the 100sma and closed there for the last 12 hours now.

Provided Fundies are NEG in the am, down we should go.

Still short from 104.55 (from yesterday, with my 4H strat)
Short again from 104.10

Lets see what London has in store for us.
  • #7,107
  • May 22, 2008 11:06pm May 22, 2008 11:06pm
What do you guys think: are the markets really thin right now or are people just unsure of which way UJ is going (which is why it is going nowhere)?
"A goal without a plan is just a wish."
  • #7,108
  • May 22, 2008 11:43pm May 22, 2008 11:43pm
I will guess that everybody is waiting for existing home sales tomorrow. You never know if the big boys will decide to cook the books and make this pair shut above 106 in a one minute candle
For he that would be deceived, let him.
  • #7,109
  • May 23, 2008 12:06am May 23, 2008 12:06am
Quoting pinchapip
I will guess that everybody is waiting for existing home sales tomorrow. You never know if the big boys will decide to cook the books and make this pair shut above 106 in a one minute candle
Like you say pinchapip you never know. My two cents says we must be ready for any outcome and accept things we cannot change. I remain dollar bear as long as Bush is still in office.
financial success is achievable
  • #7,110
  • May 23, 2008 12:34am May 23, 2008 12:34am
It's starting to look like a symmetrical triangle consolidation pattern on the 60M chart with a flagpole from 103.1 to 104.4. Could be a bad sign for bears.
"A goal without a plan is just a wish."
  • #7,111
  • May 23, 2008 1:14am May 23, 2008 1:14am
I would say 105 to 102 , but this time I see 107.
  • #7,112
  • May 23, 2008 1:17am May 23, 2008 1:17am
Quoting Clouds
I would say 105 to 102 , but this time I see 107.
There is supposed to be some pretty strong option barriers around 105.
"A goal without a plan is just a wish."
  • #7,113
  • May 23, 2008 1:24am May 23, 2008 1:24am
It is very hard for me to read today's charts, but 105 to 102 sounds like the most probable scenario.
  • #7,114
  • May 23, 2008 1:33am May 23, 2008 1:33am
Quoting norrismp
There is supposed to be some pretty strong option barriers around 105.
Yes, but AUD/USD was barrier at .95 and broken, it just makes sense to now break 105.
  • #7,115
  • May 23, 2008 1:51am May 23, 2008 1:51am
104.34 down to 102.70 area with Neg US Fundies.

4H is in a Descending triangle and last 4H bar was Bearish Divergence.

Just my thoughts.
We'll have to wait and see.
  • #7,116
  • May 23, 2008 2:20am May 23, 2008 2:20am
i think the price still on weekly pivot area, little ranging, time to scalp for me...just 5 - 10 pips...but still hoping the fall...
  • #7,117
  • May 23, 2008 2:27am May 23, 2008 2:27am
much volatility in tight range..
  • #7,118
  • May 23, 2008 2:52am May 23, 2008 2:52am
Go UJ, go UJ, no whammies, no whammies
"A goal without a plan is just a wish."
  • #7,119
  • May 23, 2008 3:01am May 23, 2008 3:01am
Quoting norrismp
Go UJ, go UJ, no whammies, no whammies
Interesting to see how some people trade.
  • #7,120
  • May 23, 2008 3:14am May 23, 2008 3:14am
Quoting forexmoments
Interesting to see how some people trade.
Plan the trade and trade the plan. Once the plan is developed and you enter the trade nothing left to do but hope for no whammies
"A goal without a plan is just a wish."
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