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USD/JPY Discussion

  • #14,341
  • Jan 11, 2010 7:39pm Jan 11, 2010 7:39pm
Quoting paulw6182
do you think it will retrace to 91.70
I think it will break it and go further down but that bounce back up and the last 30m candles closed at 92.00 made me little bit nervous.. we will have much better view after 1h closes. I am short with my TP above.. SL hasnt placed yet, if trade goes wrong I do close manually..
Pation is the Holy Grail
  • #14,342
  • Jan 11, 2010 7:47pm Jan 11, 2010 7:47pm
czech, right was surprise how quick that droped my risistance line 92.26 i think 92.45 max
  • #14,343
  • Jan 11, 2010 7:49pm Jan 11, 2010 7:49pm
¨wonder if we re going lower now
Quoting paulw6182
czech, right was surprise how quick that droped my risistance line 92.26 i think 92.45 max
Pation is the Holy Grail
  • #14,344
  • Jan 11, 2010 7:51pm Jan 11, 2010 7:51pm
Quoting paulw6182
do you think it will retrace to 91.70
and i would suggest to take some profit off the table at 71
Pation is the Holy Grail
  • #14,345
  • Jan 11, 2010 7:58pm Jan 11, 2010 7:58pm
Quoting CzechTrade
¨wonder if we re going lower now
Although it sounds like you're day trading... The daily chart looks like a larger down turn is in play.

Alcoa report + maybe delayed reaction to NFP might also be factors contributing to USD weakness... </endspeculation>
  • #14,346
  • Jan 11, 2010 8:05pm Jan 11, 2010 8:05pm
Quoting crak0
Although it sounds like you're day trading... The daily chart looks like a larger down turn is in play.

Alcoa report + maybe delayed reaction to NFP might also be factors contributing to USD weakness... </endspeculation>
ok i see were czech is coming from retraces a a lot easyer to aticapete on the higher time frames
ps. do they give gramer lessons on this forum coffe isnt workin any more.
  • #14,347
  • Jan 11, 2010 8:06pm Jan 11, 2010 8:06pm
Quoting crak0
Although it sounds like you're day trading... The daily chart looks like a larger down turn is in play.

Alcoa report + maybe delayed reaction to NFP might also be factors contributing to USD weakness... </endspeculation>
yea true.. well anyway I am going to study physic for my tommorrow test and then go to bed.. good luck and take care
Pation is the Holy Grail
  • #14,348
  • Jan 11, 2010 8:23pm Jan 11, 2010 8:23pm
came back to check the charts and what dont I see.. spike as a f**k, no news nthg well this is funny
Pation is the Holy Grail
  • #14,349
  • Jan 11, 2010 8:24pm Jan 11, 2010 8:24pm
Does anyone know whats caused the sudden strength
  • #14,350
  • Jan 11, 2010 8:24pm Jan 11, 2010 8:24pm
-ouchh now im pissed no more mr. n guy say hello to my littl freind 5piptp
  • #14,351
  • Jan 11, 2010 8:28pm Jan 11, 2010 8:28pm
Quoting paulw6182
-ouchh now im pissed no more mr. n guy say hello to my littl freind 5piptp
so am I.. have no clue what caused this move but I still hold my short (waiting for 30m candle to close, because the price is still holding under my trendline so I ll see)
Pation is the Holy Grail
  • #14,352
  • Jan 11, 2010 8:28pm Jan 11, 2010 8:28pm
Quoting Kas1
I see support around 91.87/91.50...i think it will have trouble dropping much further then those areas
...looks to me like support held at 91.87 and the pair is in range mode, watching from the sidelines...i may be looking to go long if price wants to close above 92.50 with in the next little while, that area is still fairly strong resistance i think
  • #14,353
  • Jan 11, 2010 8:32pm Jan 11, 2010 8:32pm
Quoting CzechTrade
so am I.. have no clue what caused this move but I still hold my short (waiting for 30m candle to close, because the price is still holding under my trendline so I ll see)
Right at that moment:

USD/JPY shoots higher and risk currencies fall further after comments from Chinese sovereign fund official.

"USD has hit rock bottom, limited room to fall further"
  • #14,354
  • Jan 11, 2010 8:44pm Jan 11, 2010 8:44pm
Quoting crak0
Right at that moment:

USD/JPY shoots higher and risk currencies fall further after comments from Chinese sovereign fund official.

"USD has hit rock bottom, limited room to fall further"
well this is forex.. even if you think your trade is perfect some asshole in chine says bla usd bla and your trade is ruined
Pation is the Holy Grail
  • #14,355
  • Jan 11, 2010 8:46pm Jan 11, 2010 8:46pm
  •  Ronin77
  • | Joined Dec 2008 | Status: เงินกินเปล่า | 95 Posts
looks like price made a similare move on the 8th of this month i really want to go short here but for some reason am hesitant
Ronin77
  • #14,356
  • Jan 11, 2010 8:49pm Jan 11, 2010 8:49pm
  •  Ronin77
  • | Joined Dec 2008 | Status: เงินกินเปล่า | 95 Posts
Quoting Ronin77
looks like price made a similare move on the 8th of this month i really want to go short here but for some reason am hesitant

lol just pulled the trigger at 92.35 sl at 92.75
Ronin77
  • #14,357
  • Jan 11, 2010 8:52pm Jan 11, 2010 8:52pm
China SWF official: Limited Usd downside, Yen to fall more
USD/YEN gapped higher after a CHINA SWF official comments over the wires that the USD has hit hottom, with limited room to fall further as opposed to the YEN; which he says will continue to fall as carry trades funding in the ccy increase. Commenting further on the dollar, the CIC offical adds that the US ccy is expected to move in a narrow band before rising in H2 and expects both US and China to raise rates in the 2nd half. Yen crosses are also receiving a lift off lows on the comments, though still being affected by China's ongoing rate tightening moves.
  • #14,358
  • Jan 11, 2010 8:52pm Jan 11, 2010 8:52pm
Quoting Ronin77
looks like price made a similare move on the 8th of this month i really want to go short here but for some reason am hesitant

New Japanese Finance minister spoke about him preferring a weaker Yen on that day.

Been having a few officials/politicians commenting of late.. so gotta keep on your toes...
  • #14,359
  • Jan 11, 2010 8:52pm Jan 11, 2010 8:52pm
Quoting CzechTrade
well this is forex.. even if you think your trade is perfect some asshole in chine says bla usd bla and your trade is ruined
so true
  • #14,360
  • Jan 11, 2010 8:55pm Jan 11, 2010 8:55pm
  •  Ronin77
  • | Joined Dec 2008 | Status: เงินกินเปล่า | 95 Posts
Quoting crak0
New Japanese Finance minister spoke about him preferring a weaker Yen on that day.

Been having a few officials/politicians commenting of late.. so gotta keep on your toes...
yes right, do you have a source for this news? i mean as it comes out, as i dont think forex factory releases this kind of news. any help appreciated
Ronin77
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