USD/JPY Discussion

It is down. Where everyone will TP? any ideas?

First TP around 91.4-91.5 looks like a possible area?

But going by MACD's and RSI, I'm expecting it to drop further.

Hi Guys, i'm newbie here in this forum,
USD/JPY is hitting 91.63right before i wrote this post. is there any analisys that it will break below 89.xx level again?

usd/jpy 4hr fork.

is that trend means the USD/JPY will keep bullish? sorry for asking since i;m not quite good to analyze trend.

My current two cents worth.

i believe it would pass the 50% level but my fear is would it crash?

is it possible? US Economies has shown improvement and JPY goverment also dont want JPY to gain more stronger. i believe big institution will prevent USD/JPY to down to 36.xx.

Exchange rate entrenched below the moving averages with periods of 34 and 55 (now resistance levels 91.80 and 92.00/10) but still situated above the moving averages with periods of 89 and 144 (levels of support for 91.15 and 89.90/80.

The MACD histogram is located in the positive zone, but has crossed its signal line from the top down, continues to decline, and thereby generates a signal to sell the dollar / yen.

Stochastic Oscillator entered oversold zone and gives the same signal as the% K line falls below the% D.

Therefore, we expect that the downward corrective movement will continue and increase, if it is punctured by the level of support 91.60/50, which will open the path bears to the levels of 91.15 and 90.60/50.

Levels of resistance: 91.90/92.10, 92.50, 92.70, 93.00/15

Levels of support: 91.60/50, 91.15/00, 90.60/50, 90.20/00

http://sites.google.com/site/forextr...05012010/1.jpg

richkid111 and yeri ...

a warm welcome to both of you . stick around and definitely you will learn new things everyday ..

for starters .. timing is very important ...always check the date and the timing on the charts for relevance of the timeframe u are analysing on ... similarly also keep in mind of the replies to posts ....

the comments u were making on were replies to post dated 24th May 2006

there is no need to be embarrased ... everyone trips once in a while ... hope this 'trip' imprints on ur mind an important lesson ....

(... i too have done that once before ...hence this gentle reminder ... haha ! )

Back again. Is the USD/JPY consolidating?

gee, i was tricked by the quote message, i found the message at may 2006 at the first post of this thread. ha3.

@the Archer : thanks for your warm welcome. i feel lucky to find this forum, i also active at oanda forum, but definitly this forum is more crowded and that means more information here.

after US Home Pending Sales news announced the USD/JPY(the data is bad for US) the movement is not so significant i believe USD/JPY already touch a good support level at 91.54.

Its been Uptrend all day. I just took a buy now at 92.48 stoploss 91.99. Does anyone think it will go to 93 and above?

Support formed at 91.50

i believe yes, but not in this short time. but becarefull in the shorter timrframe it can move up or down un controlled. becarefull with your stoploss(for me the stoploss is to small) it can stop your move to gain profit.

wt is view now ?

Based on my EW interpretation, absolutely 93 and far more in the long run, but short term, down possibly to your support or below....

http://i47.tinypic.com/t0q9tg.jpg

i am guessing that it might be a range for a while ...

Yesterday I did not enter on the touch of the trendline cause I had not drawn the S/R lines. Now I kinda wish I had, lol. So now Im waiting to see if it touches the trendline again to go long or maybe at least go down to 92.00 before going long. Here's my chart.

Actually i put more stoploss, typically i do not exceed more than 30pip stoploss on USDJPY. its my rule since i put 40% of my account into UJ trades.

i trade differently then you trade, but may i know how many time your method is bring you profit. please share since i'm a newbie. who know your method can change my luck. Thanks before.