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USD/JPY Discussion

  • #14,841
  • Feb 8, 2010 1:30am Feb 8, 2010 1:30am
Quoting nimmu1982
NO USD news today, should be a easy technical trading day
looks to me a very classical set-up ... of course, anything can happen ...
  • #14,842
  • Feb 8, 2010 1:32am Feb 8, 2010 1:32am
http://i47.tinypic.com/2napd1c.jpg
  • #14,843
  • Feb 8, 2010 3:46am Feb 8, 2010 3:46am
Are you for an upper direction ? And where could you set a target ?
  • #14,844
  • Feb 8, 2010 9:01am Feb 8, 2010 9:01am

Although he tried to break through the support of 88.99 before the weekly close, the dollar-yen does not impair the important levels on Friday, resulting in technical Outlook has not changed. What is worth noting that we are approaching the long-term 61.8% Fibonacci support at 88.23 (Thursday 88.53 low), and there is no doubt that this level is the most important support in these areas. As short-term support in 88.99, and its violation may indicate a movement of the most important test of support 88.23, and if violated the first goal will be 87.35. Short term resistance at 90.22, as well as the elimination of it would indicate that the yen settled at the closing of 88.23, before reaching it, and that we correct the fall yesterday, or maybe just drop from 93.75, which might be closer to the Fibonacci support. Such an amendment would be an ideal target for 91.14 & 91.76.
Support:
• 89.04: growth trend line on Thursday at the lowest intraday charts.
• 88.23: Fibonacci 61.8% for the whole transition from 84.81 to 93.75.
• 87.35: December 9 low.
Resistance:
• 90.22: Fibonacci 61.8% in the short term.
• 91,14: Fibonacci 50% for the entire decline from 93.75.
• 91.76: Fibonacci 61.8% for the entire decline from 93.75.

by: http://forex.yourblog.biz
Trader
  • #14,845
  • Edited 10:31am Feb 8, 2010 9:43am | Edited 10:31am
http://i45.tinypic.com/a9pnc1.jpg


will there be a breakout soon or prolong the range ...?
  • #14,846
  • Feb 8, 2010 9:59am Feb 8, 2010 9:59am
Quoting TheArcher
will there be a breakout soon or prolong the range ...?
I'm thinkn there may be a short breakout in a few hours...needs to close below 8923 for me first
  • #14,847
  • Feb 8, 2010 4:15pm Feb 8, 2010 4:15pm
hourly on ichimoku shows sell entry.
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Im a zombie.. "Rawr"
  • #14,848
  • Feb 8, 2010 6:21pm Feb 8, 2010 6:21pm
This is my view for long term ...
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"Buy on fear, sell on greed !!!
  • #14,849
  • Feb 9, 2010 2:25am Feb 9, 2010 2:25am
After the avalanche motion on Thursday (when the couple had gone down by more than 200 points) on Friday and Monday on the chart formed a converging triangle, up from the output of which seems now to be happening. Moving averages EMA21 and EMA55 slow their decline, indicators MACD and RSI show the accelerating force uptrend - the first is preparing to up its crossing the center line, the second of its already crossed. While the growth rests on a pair of resistance in the form of EMA55, after overcoming a couple will go to 89.80 and further testing 90.00. Downward movement has more obstacles - the pair can support the level of 89.40, EMA21 and the upper boundary of a descending triangle. If successful, the downward movement will continue to 89.20 and further testing 89.00.
Support levels: 89.40, 89.20, 89.00 Resistance levels: 90.30, 90.00, 89.80
Trader
  • #14,850
  • Feb 9, 2010 3:07am Feb 9, 2010 3:07am
Quoting Kas1
I'm waiting for the downtrend to continue...8923-57 is the range im lookn at right now
...no break of 8923 support/57 resistance on the 4hr...mite go long above 8991...I still think we may see a break to the short side
  • #14,851
  • Feb 9, 2010 10:30am Feb 9, 2010 10:30am
http://i46.tinypic.com/1zdm4hd.jpg


does this fit an ascending triangle ... ?

if so, then must ready for bullish breakout ...?

OR

will it break the sloping trendline downwards as per previous symmetrical triangle ....?
  • #14,852
  • Feb 9, 2010 10:33am Feb 9, 2010 10:33am
Quoting TheArcher
does this fit an ascending triangle ... ?
if so, then must ready for bullish breakout ...?
i went short at 8942...low probability trade though
  • #14,853
  • Feb 9, 2010 10:35am Feb 9, 2010 10:35am
http://i49.tinypic.com/30auxvq.jpg
  • #14,854
  • Feb 9, 2010 1:30pm Feb 9, 2010 1:30pm
Last week I have made +376 pips with my method.

My USD/JPY analysis:

5.1 USD/JPY WEEK.
http://www.2targetsmethod.com/images...2/image013.jpg

This is a downtrend. The situation has not changed since last week. If the price hits down level 2/8, it is very likely to reach level 0/8, because on the way to this level the price has only weak local reversal level 1/8.

5.2 USD/JPY DAY
http://www.2targetsmethod.com/images...2/image014.jpg

A downtrend. On the way to target T1 there is a strong reversal level 2/8, which is significant on weekly charts, that is why the price is very likely to reach level 2/8 and further retracement from this level is possible, when the price moves into lower trading range.

5.3 USD/JPY 240
http://www.2targetsmethod.com/images...2/image015.jpg

This is a downtrend. The price is in the trading range, there is a strong reversal level 0/8, which is significant on senior time frames, on the way to the target. There is quite a large move range from p.4 to level 8/8, from which the trend’s reversal or a deep retracement are very likely.
  • #14,855
  • Feb 9, 2010 2:34pm Feb 9, 2010 2:34pm
"The Wall Street Journal has added to this session's flurry of headlines regarding a potential bailout for Greece. It recently reported that Germany is considering loan guarantees to support Greece and other troubled countries in Europe. Such consideration would likely address the need of Greece as well as Portugal and Spain. Though no preliminary plans have been unveiled, any sort of support would likely involve increased spending on the part of Germany or the major European nations. The market has interpreted that as a positive for the euro, which remains firmly stronger against the U.S. dollar."
  • #14,856
  • Feb 10, 2010 6:05am Feb 10, 2010 6:05am
It might range for a day or two, and then go down.
  • #14,857
  • Feb 10, 2010 6:09am Feb 10, 2010 6:09am
Tok sell at 89.65 tp 89.25 sl 90.10 acording to my setup i put fix TP becouse i wont be at home all day...





Cheers and happy piping
"Buy on fear, sell on greed !!!
  • #14,858
  • Feb 10, 2010 7:05am Feb 10, 2010 7:05am
Quoting ForecasterFX
The U.S. dollar managed to recover some lost ground against the Japanese yen. Today, the currency pair reached the mark of 90.00, after which the top of the market have "bears" and lowered the price to almost 89.50. Trend remains downward, the growth rate is limited to the upper boundary of the channel and the resistance of about 91-second figures. The chances of changing the trend is too small. Technical indicators fix temporary correction. «MACD» reflects the development of a downtrend, with the dynamics of the fall is very weak. While the couple...
Lol This is joke ?

Man trade what you see now what you expext or what someone said on blog lol...USDJPY has good divergence,good formation HS and good retracment from MA"s...

Cheers
"Buy on fear, sell on greed !!!
  • #14,859
  • Feb 10, 2010 10:10am Feb 10, 2010 10:10am
Quoting Petar_Serbia

USDJPY has good divergence,good formation HS and good retracment from MA"s...

Cheers
didn't get to the computer when could have made some scalps ...

currently my mind is blank ....

mind if you could 'jolt' it a bit by elaborating what u have mentioned above ..

thank you ..
  • #14,860
  • Feb 10, 2010 10:25am Feb 10, 2010 10:25am
http://i47.tinypic.com/vxfb02.jpg

will it just cross over to the other end in the pink channel ..?
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