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USD/JPY Discussion

  • #9,461
  • Jun 29, 2008 9:34pm Jun 29, 2008 9:34pm
2 hour is still in consolidation.......
The Dove - Forex Trainer
  • #9,462
  • Jun 29, 2008 9:41pm Jun 29, 2008 9:41pm
Dove,

The 10M charts says it's on a short down trend just now. Looking at the 1H and 2H, it looks completly diff.

Bristol
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #9,463
  • Jun 29, 2008 9:44pm Jun 29, 2008 9:44pm
Hi. Thank you for your feedback. It is great for me to know that someone like you see the situation differently, which allows me to broaden my perspective on this pair as I may be wrong, and you may be right.

In my view on EUR/USD, since it has broken the previous day high, and still is hovering around R1, there still should be room for EUR to go up, heading to R2. I would be careful about going short EUR/USD and going long USD/JPY for this reason. That is what I see.

Quoting dove_alliance
The EUR tested its high and failed....... That tells me the YEN is going up and the EUR is going down.....
  • #9,464
  • Jun 29, 2008 9:59pm Jun 29, 2008 9:59pm
Quoting naminori
Hi. Thank you for your feedback. It is great for me to know that someone like you see the situation differently, which allows me to broaden my perspective on this pair as I may be wrong, and you may be right.

In my view on EUR/USD, since it has broken the previous day high, and still is hovering around R1, there still should be room for EUR to go up, heading to R2. I would be careful about going short EUR/USD and going long USD/JPY for this reason. That is what I see.
You lost me there - It's hanging out at the M3 5783 in which the high is 5788- the R1 is at 5805 and the PP is at the 5761 with the central at the 5779 and heading down.....
The Dove - Forex Trainer
  • #9,465
  • Jun 29, 2008 10:00pm Jun 29, 2008 10:00pm
Quoting bristolxyz
Dove,

The 10M charts says it's on a short down trend just now. Looking at the 1H and 2H, it looks completly diff.

Bristol
With trends you use the daily and above..........
The Dove - Forex Trainer
  • #9,466
  • Jun 29, 2008 11:47pm Jun 29, 2008 11:47pm
I'm using FiboPiv on MT4. According to the FiboPiv indicator, the R1 of EUR/USD is 1.5795.

Anyway, as I expected, USD/JPY is heading lower since my last post. It will re-test the Kijyun-line of Ichimoku sooner or later as I repeatedly said on this thread for the past few days. The Kijyun-line will be the critical point. If it fails to break lower, it could go back up, as the Kijjyn-line often functions as the last fort for bulls. But if it breaks it with momentum, it will head lower decisively.

Quoting dove_alliance
You lost me there - It's hanging out at the M3 5783 in which the high is 5788- the R1 is at 5805 and the PP is at the 5761 with the central at the 5779 and heading down.....
  • #9,467
  • Jun 30, 2008 12:10am Jun 30, 2008 12:10am
I have a resistance level at the 106.45 and a support at the 105.96 and this for the consolidation of the 2 hour chart........ I took 20 going up and 40 coming down...... Lets see what happens now.
The Dove - Forex Trainer
  • #9,468
  • Jun 30, 2008 12:53am Jun 30, 2008 12:53am
Okay, as I had expected, the Kijyun-line, 105.82 was broken now. The short-term mission was completed. I will be on the sideline for a while to see to which direction it goes.

Here is how I had expected this to happen over the last weekend.

http://www.forexfactory.com/showpost...postcount=9417
  • #9,469
  • Jun 30, 2008 1:47am Jun 30, 2008 1:47am
Quoting naminori
Okay, as I had expected, the Kijyun-line, 105.82 was broken now. The short-term mission was completed. I will be on the sideline for a while to see to which direction it goes.

Here is how I had expected this to happen over the last weekend.

http://www.forexfactory.com/showpost...postcount=9417

Hi...can you teach me how to use this indicators??? Thanks
  • #9,470
  • Jun 30, 2008 1:51am Jun 30, 2008 1:51am
This should help USD/JPY go north...

http://forexfactory.com/news.php?do=news&id=93514
  • #9,471
  • Jun 30, 2008 1:53am Jun 30, 2008 1:53am
Long at 105.50...? we shall see...
  • #9,472
  • Jun 30, 2008 2:12am Jun 30, 2008 2:12am
r u gonna long at 105.55??just asking bro..
  • #9,473
  • Jun 30, 2008 2:14am Jun 30, 2008 2:14am
Quoting mrmunir
r u gonna long at 105.55??just asking bro..
NO, Waiting for confirmation

Trend is still down....A break above the 13 EMA would signal possible trend change.
  • #9,474
  • Edited 2:34am Jun 30, 2008 2:20am | Edited 2:34am
5M trend...
Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 25 KB
  • #9,475
  • Jun 30, 2008 2:44am Jun 30, 2008 2:44am
First thing first...Looking for a break above 105.60 then there is much more resistance above including 105.85....


A strong push up could take us through the barriers and much higher.
  • #9,476
  • Jun 30, 2008 2:45am Jun 30, 2008 2:45am
That is a good point, but be really careful about the positive surprise (not-as-bad-as expected figures) tomorrow rather than expecting the Tankan data to show bad figures everyone is expecting now. There is always a possibility that the actual figures are better than the expected ones.

Quoting pipmac
This should help USD/JPY go north...

http://forexfactory.com/news.php?do=news&id=93514
  • #9,477
  • Jun 30, 2008 2:54am Jun 30, 2008 2:54am
Eur/usd move up looks painfull but UJ still trending lower.
  • #9,478
  • Jun 30, 2008 3:04am Jun 30, 2008 3:04am
Long for me is no longer in play moving to a different pair..gl
  • #9,479
  • Jun 30, 2008 3:08am Jun 30, 2008 3:08am
i say again....
keep selling those rallies!

Quote
It has probably completed the ABC retracement wave, im not sure, im a TA klutz, i just do it the fti way. The major trend may be heading down again. I'll continue to sell the rallies....current average 107.26.

160pips and counting.....
  • #9,480
  • Jun 30, 2008 3:14am Jun 30, 2008 3:14am
but what do you think, is wise to open a long position from 105,00? Will try any corrective movment after this almost 200pips down?
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