USD/JPY Discussion

I hope you did the right thing this time

closed both in 97.501 grrr

I went short at 98.81, 98.80, 98.79.. see graph.. I really don't know if i should liquidate now.. i think there's a strong resistance at the 99 level and place a TP at 97. I know.. i'm going in for the big win.. or the big loss. any comments or advice? Funds are in chilean pesos not USD.. lol...

Dollar-Yen pair took resistance close to 99 levels (55 Weekly EMA) and is trading below it. The charts indicate slight upside and holding below 99 can bring a pull back upto 97 levels (21 4-hourly EMA). The outlook for the pair would become bullish above 99 levels targeting 102. (USD/JPY 98.32).

Dollar-Yen pair continued to trade below the 99 resistance levels (55 Weekly EMA). The daily chart is overbought and holding below 99 can bring a pull back upto 96.85 levels (Cluster EMA in daily chart). The outlook for the pair would become bullish above 99 levels targeting 102. (USD/JPY 98.06). Bearish only below 99.30,

trendline violation + volume
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respected UTL nicely. Shorts still in the game.

I am waiting for a trendline violation on increased volume.
in 1 hour : Trade Balance
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by fxcm
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Title:USD/JPY intraday: caution.
Summary:Update on supports and resistances.
Story:Pivot: 98.25

Our preference: Short positions below 98.25 with targets @ 97.75 & 97.25 in extension.

Alternative scenario: Above 98.25 look for further upside with 98.75 & 99 as targets.

Comment: the pair is rebounding and is approaching its new resistance.

long @ 97.99

i believe there is great potential upwards.

and now friends, up or down?
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i believe this
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support area
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fxcm report
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Title:USD/JPY intraday: under pressure.
Summary:Update on supports and resistances.
Story:Pivot: 98.25

Our preference: Short positions below 98.25 with targets @ 97.5 & 97.1 in extension.

Alternative scenario: Above 98.25 look for further upside with 98.75 & 99 as targets.

Comment: the pair is on the downside and is approaching its support.
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in 30 min

Core Retail Sales m/m
Retail Sales m/m
Unemployment Claims
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BIG DAY!

possible correction
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a drop before pop?

what do you think?
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http://thepatternsite.com/icup.html
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i think that - it goes up with target 100, then 101

Intraday outlook remains neutral for this moment and USD/JPY is still bounded in range of 97.07/98.87. On the upside, above 98.87 will confirm that whole rise from 93.81 has resumed. Further break of 99.71 resistance will target a test of 101.43 high. On the downside, below 97.07 will flip intraday bias to the downside and bring another fall. But downside is expected to be contained above 98.32 support and bring rally resumption.
In the bigger picture, recent developments indicate that price actions from 99.67 are merely consolidation in the larger up trend from 97.12, probably in form of a triangle. Hence, current rise from 93.84 may be limited between 99.71/101.43 resistance zone initially and bring another fall before resuming the rise from 87.12. Nevertheless, sustained break of 101.43 will indicate that whole rally from 87.12 has resumed and should target 110.65 resistance next. A break below 93.84 support is needed to invalidate this bullish view.