USD/JPY Discussion

Now or never .
Pending order below the low and re-test of the neck line. If this could drop, this is the right time I think...
Time will tell.

It put in a nice DOJI on the last candle and I still have an hourly support line at 97.00. I am taking a long here. If it can get above 97.19 I think it will visit 97.50 where I would put in a stop at break even.

I am now long 97.10 and see some support below at 96.33.

Look at Passholder timing the entry perfectly, Thank you Passholder, Your welcome PassHolder.

I closed 25% of this postion at +30 pips and have the rest of the 97.10 entry moved to BE (97.10) for the overnight sessions

Sorry if this routine has already been done, but the Yen gets a seranade:

That was close to pending order .

I was thinking that retracement will be bigger (especially after NYSE close), but now it looks that it's going straight to te new highs, and to fill target from double bottom...

UJ still up..may reach to 100 ++

http://img03.picoodle.com/img/img03/...lm_255a2bc.gif

no, it will not

Any have thoughts on how the USDJPY will react to the Non Farms Payroll report tomorrow? The risk aversion/attraction correlation to the pair seems to be breaking from the standard flight to yen for safety trade. Do you think this turn of the tide will continue or is it an aberration?

If NFP is absolutely horrible, how do you expect USD/JPY to react??

Thanks for the insight.

-LECJ

All right, last chance for UJ. I think now count is correct, and UJ is now in wave B, and this will be correct H&S pattern.

Time will tell...

looks good..lets see will it work

Sell 98.24...
Have a good weekend .

Sell on an inverted H&S pattern?
Have a good weekend as well!

We also formed a bullish daily PIN bar.
Even though I would be looking for shorts at these levels - more probability for long than short IMO.

Always between wave A and B appears something which looks like H&S. I hope that this is real wave B (right shoulder of this big possible H&S on H4), and next week will be down on UJ, and then up to 102 after retracement...
As always, time will tell .

It is not moving for now, maybe it is gonna go sideways for a while.

All the fun we had with E/U the past 2 days and U/J still pretty much sitting there like a rock.

SL on BE.

Nice pips with minimum risk. If she maintains a close below green dayly uptrend line say hello to the bears

http://www.netdania.com/Products/liv...rtStation.aspx

I posted that a little late but I got in short awhile ago and had to protect it...

lookin for a ret to 96.5 and IF that happens I'll go short again at 96.4...