USD/JPY Discussion

I am shorting the pair at 92.58 and waiting for 100pips T/P, S/L at 93.20. Do I have something wrong with this move?
Could somebody give me an idea? Thank you.

Waterflame:
Could you please tell me where i can get a hold of the time-indicator you have loaded onto the chart.

Sometimes you don't know what you need before you see it.

Could have messaged you instead but the PM-function seems to be disabled for new users.

Forever grateful.

Hi hungle.

You should shorting when the price going down not when the price going up.

Thank for your idea Rubén,
But... I have just thought it still in the down trend. Just look at the U/J Week Chart. Should it be retrace for the next open of the market?
I would like to short the pair at 92.80 and T/P at 91.80 S/L at 93.30. What do you think about this?

i'm not an analyst, i'm an engineer, so i just can gather news from the internet, so here is the news:

"the market is loose their trust to EUR, and when they are loosing faith at one currency, they are buying USD. and this affecting JPY also. "

i think thats why the USD/JPY is moving up. this is a very fundamental cause. and i dont think it will retrace 100 pips with an easy movement.

Hi yeri.

I have not posted this.

Hi hungle.

The price has broken bearish trendline and three days has closed above.

Is above 200 day moving average.

I think is probably breaking annual max. at 93.70 and looking for 97-99

http://img232.imageshack.us/img232/8071/dibujoztq.png

Hi Ruben,

it's a very nice trend, and i believe the up trend is allready shaped.

regards,
yeri

We need to come down before we go up.



Price action is the ultimate indi!

JD

John D

We need to? Why? Please explain more...

@john D same question :why shoul go down first?

had 30 pips on first trade, goin short again, stop loss is this resistance

considering the trix on 4h timeframe goin down, bigger move in sight

id not, stop loss is near

http://img718.imageshack.us/img718/947/maintenant1.gif

Good question... Well it does not "have to" come down as that is not written in stone nor can I see into the future but the bearish butterfly and the fact that it hasn't made a retest of either of the support zones leads me to think it's going to make a retest down before it moves up again.

As I said PA is the ultimate indi.

We got it..you don't have to post it in every thread on the forum.

USD/JPY.

Going long this pair? Breached the weekly S/R level to the upside at 92.99. next S/R level is 93.45 and 97.77.

Any takers? Looking to go long, consecutively

i think the old set up fail and running according to this set up now

well the expected USD/JPY rate is achieved, arround 92.xx - 95.xx and what now, it will move up or down? please anyone have an opinion about this?

Measures the change in number of employed people during the previous month, excluding the farming industry.

Forecast: 185
UsdJpy should react in the most predictable manner.
Unemployment rate deviation of > .2 should also be watched along side of NFP.

NFP:

A +- deviation of 50 should move the market -60 to -120 pips
A +- deviation of 90 should move the market +60 to 120 pips
The market has been very sensitive to this number as of lately. In the last 5 years this has been the number to watch. One of my least fav. economic releases because of its mainstream popularity.

If there is a conflict between the NFP and umeployement watch for a quick spike and restracement in the UsdJpy.
Retail positioning stands at 1.1 as there are 1.1 buyers for every 1 seller. For live retail positioning information - click HERE.

The retail positioning ratio signifies that if there is a - deviation > -50 and price breaks 92.7 stops will be hit and price will continue lower.

The data released don't mean much by themselves. It's how the Big Dudes will play them. You have a first taste of that game with the release of ADP on Wednesday.
Tomorrow is Good Friday, so better hang on to your hat (and your wallet)!

USD/JPY increased so high today. 94.65 now. I am almost wondered as it was at 89 only 1 weeks ago. Will be it better to order a sell with 100 pips stop loss? Or I will wait more?