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USD/JPY Discussion

  • #15,601
  • May 20, 2010 10:31am May 20, 2010 10:31am
Quoting reaperunique
So let me get this straight, your thoughts on this are that today it'll retrace but in the long term we might see 88,xx ?
What? 88.xx is going to happen today or tomm. What long term ?? Long term is 95.xx / 100.xx .
  • #15,602
  • May 20, 2010 10:32am May 20, 2010 10:32am
Quoting Usdjpy
What? 88.xx is going to happen today or tomm. What long term ?? Long term is 95.xx / 100.xx .
then what about this?

Quoting Usdjpy
Better dun fight the market, reaperunique. I'm long for this pair.
  • #15,603
  • May 20, 2010 10:36am May 20, 2010 10:36am
Quoting reaperunique
then what about this?
That means I prefer buying than selling USDJPY.
  • #15,604
  • May 20, 2010 10:38am May 20, 2010 10:38am
oh I see ^^
  • #15,605
  • May 20, 2010 11:15am May 20, 2010 11:15am
daily & weekly
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  • #15,606
  • May 20, 2010 11:25am May 20, 2010 11:25am
hourly chart -- range before bouncing up ?
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  • #15,607
  • May 20, 2010 12:47pm May 20, 2010 12:47pm
Still holding 1 short for a breakdown---Tp still @ 86.00. I've been in this trade for almost 3 months. Took 1/2 2 weeks ago with the big spike down. Holding the rest. Good luck and good trades to all.

Regards
  • #15,608
  • May 20, 2010 3:52pm May 20, 2010 3:52pm
Quoting Usdjpy
Hi yeri, please trade carefully. It seems to me you didn't have any SL in place? I'm still looking at the candles, it doesn't seem good at all. More downward momentum in place. Take care.
thanks for your concern, and actualy i did not have any SL. if my calculation was right i still can handle this drop further to 84.xx but there is a problem if this pair drop further to 80.xx which a very small chance(since the Jpn gov will very very hate this situation). so what i do is hoping that this pair will turn back to 94.xx soon with out further drop.
  • #15,609
  • May 20, 2010 4:15pm May 20, 2010 4:15pm
hi, since i'm not familiar with usd/jpy (mostly eur/usd), if i look at the chart it still seems bearish, am i right. will it get to 88 tonight?
  • #15,610
  • May 20, 2010 4:44pm May 20, 2010 4:44pm
I bet there's gi-normous amounts of buying orders ready for battle in the lower range of 88.xx. Probably we will never see it though.
  • #15,611
  • May 20, 2010 6:54pm May 20, 2010 6:54pm
Quoting TheArcher
daily & weekly
I'm looking at a similar chart for the weekly. It's difficult to know what's in store for this pair, but we know that Japan is not shy to intervene.....and I bet they aren't liking the Yen being where it is at the moment.
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,612
  • May 20, 2010 7:08pm May 20, 2010 7:08pm
On a smaller timeframe, M15, see that the 50% fib is being a bit troublesome.......
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,613
  • Edited 10:39pm May 20, 2010 9:05pm | Edited 10:39pm
Quoting realjumper
I'm looking at a similar chart for the weekly. It's difficult to know what's in store for this pair, but we know that Japan is not shy to intervene.....and I bet they aren't liking the Yen being where it is at the moment.
yes absolutely agree with with your statement. hopefully this situation will make Jpn gov more reactive to this situation.
  • #15,614
  • May 20, 2010 9:10pm May 20, 2010 9:10pm
Quoting yeri
yes absolutely agree with with your statement. hopefully this situation will make Jpn gov piss off.
With Japans US$9.5 trillion debt, I bet their govt is very concerned and they won't want the Yen getting any stronger. Last time they intervened was at 85.00.....damn shame I missed the long that time!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,615
  • May 20, 2010 9:39pm May 20, 2010 9:39pm
I dunno. The price may never come. Alot of buying orders at that price.
  • #15,616
  • May 20, 2010 9:47pm May 20, 2010 9:47pm
Quoting Usdjpy
I dunno. The price may never come. Alot of buying orders at that price.
I'm not saying that 85.00 is likely, I'm saying what happened last time we were at 85
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,617
  • May 20, 2010 10:15pm May 20, 2010 10:15pm
Quoting realjumper
I'm not saying that 85.00 is likely, I'm saying what happened last time we were at 85
Hi realjumper, I suspect there's more downward momentum for USDJPY. How low it'll go before the upswing to 95.xx, nobody knows. 85.00 is possible, even 83.00.
  • #15,618
  • May 20, 2010 10:26pm May 20, 2010 10:26pm
Quoting Usdjpy
Hi realjumper, I suspect there's more downward momentum for USDJPY. How low it'll go before the upswing to 95.xx, nobody knows. 85.00 is possible, even 83.00.
Hi, you could be right....especially with the nonsense that's driving investors away from the euro and toward the USD & Yen. Pity is that people seem to forget that Japan and USD have considerable problems of their own....and when that bubble bursts, the usd/jpy will head up over 100,00 and the EUR/USD will be heading to new highs.

In the short term though, perhaps, as you say, the UJ will drop again, although I doubt 83.00 because the Japanese will intervene before then....the benchmark from last time was 85.00.

For the time being though, I'm long on this pair until at least 94.5-94.7.

Good luck
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,619
  • May 20, 2010 10:48pm May 20, 2010 10:48pm
Quoting realjumper
Hi, you could be right....especially with the nonsense that's driving investors away from the euro and toward the USD & Yen. Pity is that people seem to forget that Japan and USD have considerable problems of their own....and when that bubble bursts, the usd/jpy will head up over 100,00 and the EUR/USD will be heading to new highs.

In the short term though, perhaps, as you say, the UJ will drop again, although I doubt 83.00 because the Japanese will intervene before then....the benchmark from last time was 85.00.

For the time being though, I'm...
How do you know at which price the BOJ will intervene ?
  • #15,620
  • May 20, 2010 10:50pm May 20, 2010 10:50pm
Quoting Usdjpy
How do you know at which price the BOJ will intervene ?
Last time they did, they said so!! They said that if 85 is realised, then the BOJ will take action.....and so they did. This was about a week to 10 days prior to 85 being hit
Doing what you like is Freedom. Liking what you do is Happiness.
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