USD/JPY Discussion

congratulations, next week more gains

My experience of doing business in Japan apart from the "losing face" is to not to make a decision so they cannot be right or wrong.....this is so frustrating but there is no doubt about it they are experts at it and it gets to the stage of where it is amusing to see them wriggle out of anything large or small.

Based on my chart..USDJPY show bearish outlook,lets see....

did not last the bottom in 2010?? anyone can express his opinion?? please ...........

I'm suspicious of that !!!!!

Bottom was yesterday when it went under 87 quickly.

2009 bottom is 85.

Based on my technical analysis Support around 87.50-87.30...Break this level could bring USDJPY down again

now long........... next week, next 88,40 and 89,xx
intervention - next week....waiting !!!

Break above 88,25 could bring USDJPY move 88,75-88,90
I wonder everybody here wish the pairs keep up or down here?Depend with your position maybe..

do you think there might be some action before market close ?

maybe on daily "pin" bar could work out... not a pure pin...but :
1st buy stop 87.80
2nd buy stop 88.54

break above level could bring usdjpy to 88,00..
Its weekend..I put buy stop and sell stop now..The Outlook still show bearish

Be careful with longs here....keep the SL tight because this downtrend is strong and there is no sign of reversal yet...imo. I shouldn't be suprised to see a test of the recent low in the coming week.....maybe not, but a tight stop loss is in order I believe....fwiw....

since 2 years

with 200MA and 500MA

Yes indeed. I do favour a substantial rise by the end of the year, but I don't know when that rise will begin....I don't any sign of it begining yet!

very good !

we seem to be the bottom!
lines are horizontal averages and slowly approaching! will cross!



support seems to be strong! they are three or four retests! in two years!

Elections in Japan in the coming days!
The Minister Naoto Kan is losing popularity, increase taxes recovering economy - financial, is to kick the knife! you kick and then dies from bleeding!
http://online.wsj.com/article/SB1000...DDLESecondNews

long term and short term ?

(MA 50,100,200,500)

know that the USD is oversold? right?
so if everyone agreed with this opinion, why not buy now? if the USD is too cheap!?

The yen is EXPENSIVE! companies are complaining!


"'crisis"
the world is in crisis of confidence!
Check on your side if people are confident in economic recovery?
this psychological shock (impact of the global crisis) is the barrier of the world to regain their energy, we are going through a psychological barrier, that is worse than the economic barrier.

who is lucky here to catch this pair at 86.xx this week? i miss it. but was putting more long at 87.80... waiting for this pair reversing.... not so long from now i believe...

Just because an indicator suggests that this is oversold, that doesn't guarentee that the time to buy is now. It may be, but it just as easily could continue it's long established trend down......the market will go wherever it wants, regardless of what any indicator suggests.

For me to buy, I need to see a reason that the trend has reversed, and right now I see no reason......but that's me!

how do u know everyone agreed on that ? the BigBoys might think in the opposite direction tomorrow morning for all we might know . they are the movers and shakers , we are just little shrimps trying to ride on their coat tails .

oversold in stocs can stay in the oversold region even if the price drops further.

u must try to look up other indicators, chart patterns, support and resistance, candlesticks , current market sentiments , economic conditions etc to get a holistic picture before u 'guess' where the price is likely to go . after all these analysis, u can still go wrong with the direction u have anticipated. or u could be very lucky with just one indicator and the price go ur way . its all a game of probability.

of course, u would have known this by now , but just a recap ...

i give more weightage to the charts then to news

if i may make a small suggestion ... try to learn more on chart reading ... and less jumping on every news ... will be more helpful to u .

... ah .. as if u didn't know that already .. me advising u ... silly of me