Yen Update (USDJPY, EURJPY, GBPJPY & AUDJPY) | Forex Factory

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Yen Update (USDJPY, EURJPY, GBPJPY & AUDJPY)

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  • #1
  • First Post: Jun 1, 2009 4:51am Jun 1, 2009 4:51am
Hi folks,

I'm starting this topic so we could discuss all about the popular yen pairs under one roof.
prepare for worst & expect the best
  • #2
  • Jun 1, 2009 4:54am Jun 1, 2009 4:54am
Eurjpy and gbpjpy are in a definite uptrend, but looks like usdjpy falling down isn't helping them make their big moves today.
prepare for worst & expect the best
  • #3
  • Jun 1, 2009 7:42am Jun 1, 2009 7:42am
A clear breakout on the yens, usdjpy needs to sustain or not fall to help the uptrend continue on eurjpy and gbpjpy
prepare for worst & expect the best
  • #4
  • Jun 1, 2009 11:56am Jun 1, 2009 11:56am
Looks like the uptrend's reached its end for the day, maybe some room for retrace. I'm calling it a day, great day eventually on the yens
prepare for worst & expect the best
  • #5
  • Jun 2, 2009 1:12am Jun 2, 2009 1:12am
USDJPY has been on consolidation throughout the asian session, its good news because that means its going to breakout and form a trend eventually.
Attached Image (click to enlarge)
Click to Enlarge Name: consolidation.jpg Size: 94 KB
prepare for worst & expect the best
  • #6
  • Jun 2, 2009 3:04am Jun 2, 2009 3:04am
USDJPY breakout on the topside, lets hope to goes to 97.xx today
Attached Image
prepare for worst & expect the best
  • #7
  • Jun 2, 2009 4:01am Jun 2, 2009 4:01am
I see a nice down move can you please explain why you think we are going up I shorted usd/jpy at 96.50 and I will take profit at 94.00
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 15 KB
  • #8
  • Jun 2, 2009 5:53am Jun 2, 2009 5:53am
I love Fibs they always work no matter what the market does
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 15 KB
  • #9
  • Jun 2, 2009 6:03am Jun 2, 2009 6:03am
Quoting ak47dan2004
I see a nice down move can you please explain why you think we are going up I shorted usd/jpy at 96.50 and I will take profit at 94.00
Got stopped out in the buy trade and went short, took 40pips
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.JPG Size: 37 KB
prepare for worst & expect the best
  • #10
  • Jun 2, 2009 6:35am Jun 2, 2009 6:35am
Nice Job I really enjoy your analysis sometimes I get a bit nervous when people see the total opposite the reason I was so sure this time was because the stochastic was ready to cross.
  • #11
  • Jun 2, 2009 6:52am Jun 2, 2009 6:52am
the 4 hour u/j chart shows we could get stuck in a nice 300 point range between 9400 - 9700
Fear's for the other guy
  • #12
  • Jun 2, 2009 7:04am Jun 2, 2009 7:04am
hey ak47dan2004 nice charts. can you share them?
Thx
  • #13
  • Jun 2, 2009 1:37pm Jun 2, 2009 1:37pm
I'm bearish the dollar. In all the pairs.
The $ - Yen is the one I'm working b/c of the easily readable price pattern
on the Day and 4 hour charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj-day.gif Size: 33 KB
Click to Enlarge Name: uj-4h.gif Size: 30 KB
Year of the Dragon Wise Choices-Good Fortune!
  • #14
  • Jun 2, 2009 4:04pm Jun 2, 2009 4:04pm
Quoting ak47dan2004
Nice Job I really enjoy your analysis sometimes I get a bit nervous when people see the total opposite the reason I was so sure this time was because the stochastic was ready to cross.
Good job noticing the stochastic.
prepare for worst & expect the best
  • #15
  • Jun 2, 2009 5:07pm Jun 2, 2009 5:07pm
Quoting tony_dtrader
Good job noticing the stochastic.
Thank you, I know this is off the subject but I would love an opinion on this but what do you think about this setup? I shorted at 1.5190 and I am looking at the 1.50 level to take profit.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 25 KB
  • #16
  • Jun 2, 2009 5:46pm Jun 2, 2009 5:46pm
Quoting ak47dan2004
Thank you, I know this is off the subject but I would love an opinion on this but what do you think about this setup? I shorted at 1.5190 and I am looking at the 1.50 level to take profit.
Well i cant say for now, but check the market on Frankfurt open, since euro and swiss sessions are closed right now. A breakout to the downside on european session would be a probable downtrend. Check on usdchf too to see if it falls, if it doesnt it might not help eurchf go down easily.
prepare for worst & expect the best
  • #17
  • Jun 2, 2009 6:01pm Jun 2, 2009 6:01pm
Quoting tony_dtrader
Well i cant say for now, but check the market on Frankfurt open, since euro and swiss sessions are closed right now. A breakout to the downside on european session would be a probable downtrend. Check on usdchf too to see if it falls, if it doesnt it might not help eurchf go down easily.
Thank you. Your analysis is greatly appreciated do you see anything happening on the yen pairs that we should be looking out for?
  • #18
  • Jun 2, 2009 6:20pm Jun 2, 2009 6:20pm
Quoting ak47dan2004
Thank you. Your analysis is greatly appreciated do you see anything happening on the yen pairs that we should be looking out for?
I notice everyday in the Asian session the yen starts to fall a bit and picks up at London open, like as if Japanese are moving the price down everyday.
prepare for worst & expect the best
  • #19
  • Jun 3, 2009 1:13am Jun 3, 2009 1:13am
looking to sell 9650-9660 area looks like a good supply lelvel
Fear's for the other guy
  • #20
  • Jun 3, 2009 4:42am Jun 3, 2009 4:42am
so annoying those days patience doesnt pay!...turned at 9642...going to see how the pullback looks...and also im gonna be weary entering a postion b4 all this news
Fear's for the other guy
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