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USD/JPY Discussion

fxcm is with us

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Title:USD/JPY intraday: rebound.
Summary:Update on supports and resistances.
Story:Pivot: 95.55.

Our Preference: LONG positions @ 95.6 with targets @ 96.05 & 96.3.

Alternative scenario: The downside penetration of 95.55 will call for 95.3 & 95.

Comment: the pair is rebounding on its new support as the RSI is turning up.

Trend: ST Ltd Downside; MT Range

Key levels Comment

96.55** Intraday resistance
96.3** Intraday resistance
96.05** Intraday resistance
95.77 Last
95.55** Intraday pivot point
95.3** Intraday support
95** Intraday support
Quoting pepbullish
fxcm is with us

Attachment 266740

Title:...
By FXCM you mean Dailyfx.com?? because I only trust dailyfx analysts for signals
The only way to get smarter is by playing a smarter opponent.
oh yeah dailyfx!
Quoting touhisen
yes, I agree with you. this short trade one looking to 95.65. and then I will long again.
I want to enter long @95.3 if give chance. what about your ideas guys?
what about shorting now japans?
ROBOT FOREX
Quoting Forbes55
what about shorting now japans?
You mean long USD/JPY??
The only way to get smarter is by playing a smarter opponent.
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I will wait for a solid breakout

bought yesterday 96.546



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bad numbers to dollar ... i am stopped
I missed a good short entry this week @96.60, now have to wait for couple of days and see if some new patterns form. It broke 50 ema and if it stay below it might be a nice ride down.
Quoting tomasz
I missed a good short entry this week @96.60, now have to wait for couple of days and see if some new patterns form. It broke 50 ema and if it stay below it might be a nice ride down.
next week will be better for us!
Anybody going long? I'm staying out for now and It looks more bullish than bearish to me.
I made 50 pips on the short side. this is what i noticed might help some of you. 1 the deathcrosss on 200 and 50 ema (50 going below 200 on hourly, trend is down) MacD was neutralized i.e. just chillen on the waterline and the bounce off of the 38.2 Fib retracement level. I Set my TP @ the -127% (95.37) fib level witch it bounced off nicely. I have seen this exact set up many times it is free money. now i see MacD positive divergence so I am long now, for a modest amount of pips ill TP when MacD gets close to the waterline (on 15min just to be safe), because it is against the trend. I havent been trading long but i have seen this exact set up many times its at least one I know well. Happy pipping : )
Is anyone considering going long right now on UJ? Price is at the bottom of the channel I drew up on a 4H TF. I've never traded UJ before, so I dont know its behavior very well. So I thought I'd come to the people who trade it.
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On a journey to consistency.
I went long yesterday and added this morning with a stop 20 below the spike. We shall see what happens.
There's always money in the banana stand.
I closed my long position with +10. I just felt like it might keep going south. I looked at a weekly chart and scrolled way back. A H&S seems to have formed. Maybe price will head back up to the neckline before going back down. But idk, Im just a noob. There seems to be an overall bearish trend since June 15th and price is at the middle of that huge channel with a top at 124.13. So I think Im going to wait, that's just my humble noobie opinion.
On a journey to consistency.
Quoting Tataocb
I closed my long position with +10. I just felt like it might keep going south. I looked at a weekly chart and scrolled way back. A H&S seems to have formed. Maybe price will head back up to the neckline before going back down. But idk, Im just a noob. There seems to be an overall bearish trend since June 15th and price is at the middle of that huge channel with a top at 124.13. So I think Im going to wait, that's just my humble noobie opinion.
maybe a double bottom on H4 TF. Should Long thís time?
Ok, this is my noobie analysis, just throwing it out there to hear some opinions from you guys.

The first chart is a weekly chart where I see price might head down to 80.00 sometime in the next months, based on elliot wave (although I haven't studied the elliot wave much).

Second chart is a 4H chart with the H&S I mentioned earlier. Thinking maybe a double bottom formed and is going to head back up to the neckline and then tank maybo to 85.00. Right now Im staying out because price seems to be coming down hard and am waiting for a break of this downtrend within the channel.

Tell me what you guys think...am I way off. Like I said, this is my first analysis of this pair.
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On a journey to consistency.
Quoting Tataocb
Tell me what you guys think...am I way off. Like I said, this is my first analysis of this pair.
That is a good chart. i was talking about the next week. Lets see the rebound for some pips first, I think of 93.70. Do you agree?
Quoting Pham
That is a good chart. i was talking about the next week. Lets see the rebound for some pips first, I think of 93.70. Do you agree?
Yes, I think it could go up to the neckline if:

The previous climb to 93.58 was not the "touch" of the neckline,

and it breaks through the trendline and through the S/R line I have at 92.75. A close above both with be a good sign.

Otherwise it might just be a descending triangle eager to break that 91.78 support.

Wherever it goes, it's probably going to happen next week. Im staying out for now. If I'd open a long at 91.80 then I might hold on to it, but my long was at 92.29, so I closed it after seeing a bearish engulfing on the 5 min chart. Price then went down to 91.78, my stop was at 91.75. So I avoided the emotional stress of watching my SL nearly hit .
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On a journey to consistency.
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