USD/JPY Discussion

USD/JPY Sell @99.00 - SL: 100.00 - TP: 89.00

http://www.forex-tsd.com/news-signal...ls-update.html

Yesterday's and today's daily bar bounced off my support line, will see next week weather it goes up or down. I think it might range for two three days and then another few hundreds pips ride
Have a nice weekend everybody.

UJ

Looks up for me but got to wait till Sunday open.

noone is debating about usdjpy today?
well my bias is towards the 94.50 region but we shall see.
We are still in a downtrend in this pair but if a retrace happens upwards i will not be surprised

I will agree with you there. Seems like it is trading near 96.70 ish at the moment, however the pair may continue its current downtrend due to resistance at 97.30ish area.
In addition, on the 5 min charts there may be a possible H&S pattern, however that is not confirmed yet. A break below 96.50 is required to make this pattern valid.
I wish I could post a chart to make it visible, however, I am unsure how to do so with an apple computer.

Short at 96.85 PT:95.50 SL:98.10

Hmm. Looks like the short term H&S pattern has become invalid. Will be back to check this after work. SL has been lowered to 97.55

going to buy at 98.10 .. target 98.60
98.00 seems pretty well supported at the moment
lets see what happens

nice short entry formed on my charts but I have to disregard this one, I was going up for the last two days and it only went up 160 pips, I guess I bail out now and wait till Sunday.

Hopefully Up...Targeting 99.00

potential short term downside as japanese fiscal end approaches and funds rempatriation could cause some downmove to cross/JPY

it might be a good chance to find a new long entry point

USD bids in the 98 - 98,20 area this morning

I was thinking the same

New week started, let's see what it will bring( hoping few hundreds pips)

in trading range so far

97,50 - 98,50 good for in and out both sides

maybe it will need a few session to go up (or down?)

I'm long time absent from this thread, but you make a good point to remember and consider carefully...

It was sudden, dramatic, and relentless. Not something to be on the wrong side of. From last year this time...

" The Bank of Japan injected ¥3 trillion into money markets Monday in one of its largest open-market operations for a same-day fund supply.

The injection came as financial institutions moved to increase their cash reserves at the end of the fiscal year, sending the unsecured overnight call rate to around 0.7 percent, much higher than the BOJ's target of 0.5 percent."
http://search.japantimes.co.jp/cgi-b...0080401a4.html

Uj daily triangle. The ADX is showing that price is getting ready for a new/next trend. Could be several days for a breakout though. cheers.

i have descending triangle on 1hr
i'm going to sell at 98.75
SL 99.00
TP 98.00

The JPY fell next to the other main currencies as the stock markets made accurate after the drop and the JPY became overbought as well. The Trading people as well are expecting a nastiest in 30 years commerce self-assurance index to be identified by the Bank of Japan. The JPY is at present bringing up the rear largely next to the Euro as the market contributor thinks that the European Central Bank will cleared that it will stop dipping rates next to the next cut, which predictable to be announced this week.

Some of the market experts go as far as stated that the inferior industry poise index that will be reported will drive the JPY out of the list of secure haven currencies and, missing the superior interest rate, it is going to be the main Forex interloper in the close to future. Certainly, if the buoyancy index is reported at a sensibly improved cost, the JPY may go up considerably.

Forex experts consider that the US administration action will add to the money stream into the up-and-coming markets and decrease the worldwide volatility. If the traders will not be cynical about this change, this short release may turn out to be a actual ongoing rally. That’s not a good quality symbol for the JPY and almost certainly has some risky risk for the USD.

so anyone long?
short?