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USD/JPY Discussion

  • #13,961
  • Nov 24, 2009 11:40pm Nov 24, 2009 11:40pm
Wow I hit monthly candles on my chart, and realized that looking back almost 30 years ago the lowest the pair has ever been data recorded was 79.75. And we are 88.30. I know that is 855 pips or so away, but really if you think about it, that is crazy to think that the dollar has fallen so hard throughout the trading years, and we are just a meer 855 pips away from the last lowest point pratically 30 years ago. WOW! I mean I do not think this information was needed for todays trading, but just goes to show you that the dollar is has seriously fallen hard over time. Not surprising month after month the USD/JPY can still make new lows. Just thought I mention
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  • #13,962
  • Nov 25, 2009 1:11am Nov 25, 2009 1:11am
Quoting raz
[font=Arial Narrow][size=3][color=blue][i]Wow I hit monthly candles on my chart, and realized that looking back almost 30 years ago the lowest the pair has ever been data recorded was 79.75....
30 years? I looked back and I see the low you are talking about, but it hit in 1995...almost 15 years ago...wondering why it is different.
  • #13,963
  • Nov 25, 2009 1:32am Nov 25, 2009 1:32am
Quoting Kas1
30 years? I looked back and I see the low you are talking about, but it hit in 1995...almost 15 years ago...wondering why it is different.

there might be some kind of cycle, who knows? They say history repeats it self, but to think we are close to the lowest point ever. It does not scare me to think how far the dollar will lose against the yen
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  • #13,964
  • Edited 2:54am Nov 25, 2009 2:54am | Edited 2:54am
We should definitely see some action now with price hitting big support areas.......Gold going higher each day with Dollar/JPY going lower.......without inflation such high price of gold and festive season in india is ending......things are looking too bubbly now.....I think how much high yen can the japanese handle with deflation at hand will decide the next big move.
The only way to get smarter is by playing a smarter opponent.
  • #13,965
  • Nov 25, 2009 3:20am Nov 25, 2009 3:20am
2 of my targets were hit at 88...I have 1 more short open with a target of 87.43
  • #13,966
  • Nov 25, 2009 3:27am Nov 25, 2009 3:27am
Quoting Kas1
I believe there could be a trend change around 88. That area is where there was a bounce back in October. I expect some consolidation around there. If price wants to break through for a while, could go lower for a bit I think.
87.60
  • #13,967
  • Nov 25, 2009 3:33am Nov 25, 2009 3:33am
USD News will be coming after 4Hrs .. It better to be good. Otherwise Dollar will die today.
  • #13,968
  • Nov 25, 2009 7:38am Nov 25, 2009 7:38am
Still in on my trade up 311 pips or 3.64%.
  • #13,969
  • Nov 25, 2009 9:47am Nov 25, 2009 9:47am
Quoting Kas1
2 of my targets were hit at 88...I have 1 more short open with a target of 87.43
Last target of 87.43 was hit...3 gains this week on the pair. +12%
  • #13,970
  • Nov 25, 2009 11:45am Nov 25, 2009 11:45am
Any thoughts on it giving is a large bounce back up now?
Lower than it has done in a long time with a sharp candle! Might get a bit of a retrace and sideways movement before it continues down?
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  • #13,971
  • Nov 25, 2009 12:04pm Nov 25, 2009 12:04pm
Quoting Katreya
Any thoughts on it giving is a large bounce back up now?
Lower than it has done in a long time with a sharp candle! Might get a bit of a retrace and sideways movement before it continues down?
Very possible, but I wouldn't go against the downtrend at the moment.
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  • #13,972
  • Nov 25, 2009 12:12pm Nov 25, 2009 12:12pm
Very true! At the moment I'm looking for a re-entry to short. May take a while though... I just missed a good scalp there with the opening hour but ah well, can't win 'em all.
|/ Dream as if you'll live forever... Live as if you'll die today. \|
  • #13,973
  • Nov 25, 2009 1:04pm Nov 25, 2009 1:04pm
Quoting Katreya
Very true! At the moment I'm looking for a re-entry to short. May take a while though... I just missed a good scalp there with the opening hour but ah well, can't win 'em all.
Nope, can't win em all...I may take another position short by the start of my day tomorrow...we'll see.
  • #13,974
  • Nov 25, 2009 2:03pm Nov 25, 2009 2:03pm
I've been eyeing 87.15-ish for a while now. If it breaks down to 87, no big deal, but I'm set with long for now.
  • #13,975
  • Nov 25, 2009 4:32pm Nov 25, 2009 4:32pm
If it breaks under 87 do you think we'll hit 80 from 1995? Maybe it'll go all the way down to 0? Any targets?
  • #13,976
  • Nov 25, 2009 5:29pm Nov 25, 2009 5:29pm
If I had the cap space, I'd take another short at 87.32, 84.50 target
  • #13,977
  • Nov 25, 2009 5:36pm Nov 25, 2009 5:36pm
Quoting Kas1
If I had the cap space, I'd take another short at 87.32, 84.50 target
That's where I just got in at. We'll see how that plays out. I'd appreciate some sharp drops.
  • #13,978
  • Edited 9:52pm Nov 25, 2009 5:42pm | Edited 9:52pm
this pair broke major support. we are headed lower. The target of 85 before years end is still there on the daily. Major constrained indicator stands at 7.4(long):1(short). Huge numbers of people are long trying to pick the bottom.

going down.
  • #13,979
  • Nov 25, 2009 5:48pm Nov 25, 2009 5:48pm
Don't you think Support at 87.13 / 11 can hold this dip?
  • #13,980
  • Nov 25, 2009 6:04pm Nov 25, 2009 6:04pm
Quoting Forex4pty
Don't you think Support at 87.13 / 11 can hold this dip?
If there are enough orders there I guess. That level has already been hit twice though so I wouldn't try to catch u/j there.
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