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USD/JPY Discussion

  • #22,361
  • Feb 15, 2011 3:07am Feb 15, 2011 3:07am
Eur/Aud looks interesting Monthly chart, expansion brewing, considering where it came from, few thousand pip upside is likely
Prices oscillate, trends persist. Trend is your friend.
  • #22,362
  • Feb 15, 2011 3:08am Feb 15, 2011 3:08am
Yen taking a battering today.

% Change
Attached Image (click to enlarge)
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  • #22,363
  • Feb 15, 2011 3:13am Feb 15, 2011 3:13am
Quoting jsspmk
Eur/Aud looks interesting Monthly chart, expansion brewing, considering where it came from, few thousand pip upside is likely
I posted this last week, but if you are interested in longer term trades check out GBP/JPY also.

Weekly
Attached Image (click to enlarge)
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  • #22,364
  • Feb 15, 2011 3:19am Feb 15, 2011 3:19am
Quoting fosking
Yen taking a battering today.

% Change
Attachment
Finally seeing some Yen weakness, this is really looking good as long as USD holds up......
Don't be a hero. Don't have an ego. Always question yourself
  • #22,365
  • Feb 15, 2011 3:25am Feb 15, 2011 3:25am
Quoting fosking
I posted this last week, but if you are interested in longer term trades check out GBP/JPY also.

Weekly
Attachment
Thanks, I like EurJpy more (monthly).
Prices oscillate, trends persist. Trend is your friend.
  • #22,366
  • Feb 15, 2011 3:28am Feb 15, 2011 3:28am
Quoting USD-Bear
Finally seeing some Yen weakness, this is really looking good as long as USD holds up......
Yeah, it looks like the USDX is losing a bit of traction now.
Futures have also turned around and positive.

M5 USDX
Attached Image (click to enlarge)
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  • #22,367
  • Feb 15, 2011 3:30am Feb 15, 2011 3:30am
Quoting jsspmk
Thanks, I like EurJpy more (monthly).
Certainly looking sexy.
If it breaks 115.00 I will be a buyer
  • #22,368
  • Feb 15, 2011 3:49am Feb 15, 2011 3:49am
Watch out for corporate Japan's annual repatriation - happens during March-April...
  • #22,369
  • Feb 15, 2011 4:20am Feb 15, 2011 4:20am
Quoting fosking
Certainly looking sexy.
If it breaks 115.00 I will be a buyer
Yes, the train has definitely left the station, better getting over to the next station and then see how it plays out.

Funny how strong it is though...
  • #22,370
  • Feb 15, 2011 4:53am Feb 15, 2011 4:53am
sell at 83.56

trending up
http://i1187.photobucket.com/albums/z400/hyip1/q.gif


have to close at 83.25 before it moves up again

http://i1187.photobucket.com/albums/z400/hyip1/qq.gif
  • #22,371
  • Feb 15, 2011 6:45am Feb 15, 2011 6:45am
As we can see in chart below, price is still going up and meets resistance. Sold @ 83.67. Also, we can see bearish divergence forming. It is a good sell option after all. SL - 15 pips.

http://1.bp.blogspot.com/-pTyYnlvxcd.../usdjpy_D5.png

Regards,
suirad
  • #22,372
  • Feb 15, 2011 6:47am Feb 15, 2011 6:47am
Quoting fosking
The three main resistance areas I'm looking at are 83.70/84.50/just above 85.00.
It would be nice to knock these down like dominos lol.

Daily
Attachment
First target cleared. (need a clear break, not just stop hunting).
Next I'm looking for is 84.50.

Daily
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  • #22,373
  • Feb 15, 2011 6:55am Feb 15, 2011 6:55am
Yen futures have also slipped past support.

H1
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  • #22,374
  • Feb 15, 2011 7:30am Feb 15, 2011 7:30am
Market talk of option barrier in USD/JPY at 84.00;
FX COMMENTARY
Source: RANsquawk
  • #22,375
  • Feb 15, 2011 7:36am Feb 15, 2011 7:36am
Quoting fosking
Market talk of option barrier in USD/JPY at 84.00;
FX COMMENTARY
Source: RANsquawk
Personally I only care about surpassing 84.5 zone as that's where there are a lot of trailing stops.
Prices oscillate, trends persist. Trend is your friend.
  • #22,376
  • Feb 15, 2011 7:39am Feb 15, 2011 7:39am
U/J appears to be bearing a huge burden across all crosses - If I were long u/j I'd be prudent.

Of course this is not sustainable.
  • #22,377
  • Feb 15, 2011 7:42am Feb 15, 2011 7:42am
Quoting jsspmk
Personally I only care about surpassing 84.5 zone as that's where there are a lot of trailing stops.
agree with 84.5 but why would there be trailing stops there?
Don't be a hero. Don't have an ego. Always question yourself
  • #22,378
  • Feb 15, 2011 8:01am Feb 15, 2011 8:01am
Quoting USD-Bear
agree with 84.5 but why would there be trailing stops there?
The ones that sold the pair from last May set trailing stops above current monthly congestion zone as that interrupts the bearish trend.
Prices oscillate, trends persist. Trend is your friend.
  • #22,379
  • Feb 15, 2011 8:14am Feb 15, 2011 8:14am
Quoting jsspmk
The ones that sold the pair from last May set trailing stops above current monthly congestion zone as that interrupts the bearish trend.
ah I see, I presume you mean normal stops......
Don't be a hero. Don't have an ego. Always question yourself
  • #22,380
  • Feb 15, 2011 8:52am Feb 15, 2011 8:52am
PA ok so far, raised stop to 83.40 securing a few pips profit.
Watching USDX, don't want to see it below 78.40 which might trigger close of position.

M15:
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Don't be a hero. Don't have an ego. Always question yourself
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