USD/JPY Discussion

Measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation's currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories.

The UsdJpy should be the benefactor of a + deviation.

Consensus 60

A deviation of 3.8 should move the market 40 to 90 pips
A deviation of 2.8 should move the market 30 to 50 pips

A 100% retracement is possible in the following 1 hour. If no conflicts this entry should be good for 100% of the initial reaction.

Retail positioning stands at 1.6 as there are 1.6 buyers for every 1 seller.

The retail positioning ratio signifies that if there is a - deviation > 3.4 and price breaks 93.70 stops will be hit and price will continue lower. Retail positioning has been fairly steady in the last week.

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16 bar range has tigtened...candles look oversold to me now, 9393 good exit i think

it break the 94.50 will this pair goes more up or this is a good proce to short. i never short for this pair for 6 month. and right now i dont know if i have to start to short or just keep long.

Keep ur longs , the way is open to 95.50 , i already post my chart befor

good luck

i think it will go down .

I sure in the Hell hope so or I will have to get out and take a loss.

same here lets see what will happen .

...nice long breakout from 9401...16 bar range looks overbought to me now...good place to exit any buy or take most of your profits i think...wait for a short set up

maybe we will see a ret. down befor the NFP to 93.10 , but the pair is in bullish move to 99.00

no momentum man yet i think .

yes man over bought . down she will go i hope . a nice shooting star is forming on the hourly chart .

the chart shows the shooting star

http://img413.imageshack.us/img413/271/an5.gif

It seems a double top is in place, ultimaly it's performance will depend on the stock market.

Hello, we possibly have a good entry going short at 94.64

looking at H4 and daily chart

http://img194.imageshack.us/img194/2...djpy030510.jpg

What do you think?

Greetings!!

u/j going to 94.96, is that going bullish again or get reverse?

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Daily View !
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...overbought range on the last 16 bars...down candle with increased volume/range closed below 9469, good place to look for shorts i think...9411 target

overbought but the Japan gov is comfortable with this level of price, so i'm a little pessimistic that the price will going down and i believe up trend is all ready confirmed by economic growth of US. i dont have any open position for this pair, but waiting for this pair to goes down a little to make a long opportunity.

up up and away

http://4.bp.blogspot.com/_8texnURUcC.../BlogForex.bmp

double top ... triple top .... range play ...?

hmmm ...what is it up to ..?