USD/JPY Discussion | Page 1126 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #22,501
  • Feb 28, 2011 2:47am Feb 28, 2011 2:47am
Quoting tathlynq
All I see is hidden bullish divergence on the RSI and a quadruple bottom on the four hour chart. Stoch oversold. I am personally LONG @ 81.64 with a very tight stop at 81.50. Looking to TP at 81.90 area. We shall see as she slowly bounces 81.61 to 81.75...... Good luck.
I see a hammer has formed on USD/JYP Daily time frame. Could this be a reversal pattern for a long position

Likita
  • #22,502
  • Feb 28, 2011 4:14pm Feb 28, 2011 4:14pm
to me it looks like accumulation (the past few days) on the 1hr - however i've been wrong before.lol
  • #22,503
  • Edited 10:37am Mar 1, 2011 2:41am | Edited 10:37am
Shorted @ 82.16 just below WPP
SL @ 82.30
TP @ 81.40

H4:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0001.jpg Size: 95 KB


Edit: SL @ BE
Don't be a hero. Don't have an ego. Always question yourself
  • #22,504
  • Mar 1, 2011 11:07am Mar 1, 2011 11:07am
Quoting USD-Bear
Shorted @ 82.16 just below WPP
SL @ 82.30
TP @ 81.40

H4:
Attachment

Edit: SL @ BE
Looking good sofar, still 2 (yellow) hurdles to take:

M15:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0002.jpg Size: 109 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #22,505
  • Mar 1, 2011 11:23am Mar 1, 2011 11:23am
Quoting USD-Bear
Looking good sofar, still 2 (yellow) hurdles to take:

M15:
Attachment
Nice trade!
  • #22,506
  • Mar 1, 2011 11:54am Mar 1, 2011 11:54am
Quoting fosking
Nice trade!
thanks fos, what's your position atm?
Don't be a hero. Don't have an ego. Always question yourself
  • #22,507
  • Mar 1, 2011 12:16pm Mar 1, 2011 12:16pm
Quoting USD-Bear
thanks fos, what's your position atm?
Hey Bear! How are you?

I'm currently flat and will be for the next two weeks as I'm in France getting married. :s
Had to get here a week early as it's been a right pain in the arse to finalize everything (I'm English, my Fiance is French and we live in Germany. Plus my organizations skills aren't the best lol).

When I get back I will focus more on the two pairs I trade most, EUR/USD & GBP/USD, whilst using H4 and Daily for USD/JPY.
I'm still checking the prices and Forex Factory everyday though.

Good luck!
  • #22,508
  • Mar 1, 2011 12:29pm Mar 1, 2011 12:29pm
Quoting fosking
Hey Bear! How are you?

I'm currently flat and will be for the next two weeks as I'm in France getting married. :s
Had to get here a week early as it's been a right pain in the arse to finalize everything (I'm English, my Fiance is French and we live in Germany. Plus my organizations skills aren't the best lol).

When I get back I will focus more on the two pairs I trade most, EUR/USD & GBP/USD, whilst using H4 and Daily for USD/JPY.
I'm still checking the prices and Forex Factory everyday though.

Good luck!
Great fos, been building a computer so also been quiet last days also due to a temporary lack of ideas. Did some nice (unpublished) trades in XAU/USD. Must say if you're trained in FX, gold looks pretty predictable.
Nice to hear you are entering the wedding boat, congrats in advance!

Have a good time, looking forward to your contributions
Don't be a hero. Don't have an ego. Always question yourself
  • #22,509
  • Mar 1, 2011 2:08pm Mar 1, 2011 2:08pm
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0003.jpg Size: 85 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #22,510
  • Mar 1, 2011 3:36pm Mar 1, 2011 3:36pm
Quoting fosking
I'm currently flat and will be for the next two weeks as I'm in France getting married.
Well.......that's what I call really taking a position!!!

Congratulations man......I'm sure everything will go well on the day.

As far as trading this pair goes, I'm not doing much other than a quick scalp here and there. This pair really is a bottom dweller and until it breaks out, there's not much to analyise.....so I don't! Other pairs are more profitable at the moment.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #22,511
  • Mar 1, 2011 8:34pm Mar 1, 2011 8:34pm
this is my view for UJ for weekly, breaking the lower trend line will drive it to 76.70
on H4 some major trend lines.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uyh4.gif Size: 29 KB
Click to Enlarge Name: UYweekly.jpg Size: 97 KB
Attached File(s)
File Type: tpl uy.tpl   454 KB | 308 downloads
  • #22,512
  • Mar 2, 2011 6:29am Mar 2, 2011 6:29am
this is my view for UJ for weekly, breaking the lower trend line will drive it to 76.70
on H4 some major trend lines.



Hi,

I don't think that BOJ will let it go lower than 79.75. Because Japan exporters are very angry about this high currency.

For examlpe, i want to buy a Suzuki VSTROM motocycle, i asked for the price and they told me 13.600.000 jpy in Turkey( not selling TRY ) . It means, it's too expensive if i convert to my currency. That's why they sold just 15 motocycles in Turkey in 2010.

So, if yen goes higher, the exporters can make a big pressure on the government. And i know they are very powerfull.

Also i am seeing monthly divergence.

This is my general view.
  • #22,513
  • Mar 2, 2011 7:36am Mar 2, 2011 7:36am
Hello Friend
I dont remember if BOJ signed agreement in G20 meeting to not affect the Yen price or not but they was talking about this, that was around 6 months ago. any way if they can control the Yen price they cant control the USD from falling.
http://www.bloomberg.com/apps/chart?...%3AIND&img=png
USD index.

last time when BOJ sold the yen every one was thinking only long but ... chart some times is more clear to give future's facts..
  • #22,514
  • Mar 2, 2011 11:06am Mar 2, 2011 11:06am
Now i'm think that it's the moment to buy Yen, not only in Usd/Yen but i think that it' s a good moment to buy Yen against all Currency
  • #22,515
  • Mar 2, 2011 2:20pm Mar 2, 2011 2:20pm
Quoting maanawi
Hello Friend
I dont remember if BOJ signed agreement in G20 meeting to not affect the Yen price or not but they was talking about this, that was around 6 months ago. any way if they can control the Yen price they cant control the USD from falling.
http://www.bloomberg.com/apps/chart?...%3AIND&img=png
USD index.

last time when BOJ sold the yen every one was thinking only long but ... chart some times is more clear to give future's facts..
Hello friend! (:

Right! Charts tell more... Agree.

I want to add more to this. When i look at the uj chart, it tells me that monthly divergence is very clear. Also i am sure some oppositions take this advantege to criticise government. Oppositions and producers are very powerfull for the pressure. We are not talking about europian countries which are not able to make dicision without germany and france, so, japan against the usa and europe, if we look at the world. So, boj has to protect their economy against these groups of countries.

As a result, i am sure boj is planning something and they will intervene soon if yen goes higher...

Just an idea...
  • #22,516
  • Mar 2, 2011 2:45pm Mar 2, 2011 2:45pm
A complete U turn today by UJ. From 81.849 right back there. Talk about 360 degrees. Interesting. Well UP, DOWN, still making pips
  • #22,517
  • Mar 3, 2011 7:48am Mar 3, 2011 7:48am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY H4 Bullish Divergence.PNG Size: 65 KB
  • #22,518
  • Mar 5, 2011 4:09am Mar 5, 2011 4:09am
UJ doesnt like to follow chart

Be cautious about this pair. You are safer trading other pairs. We do not know how low UJ can go to if the Asian big brother wants to hold them down. Is it all part of the Sun Tzu!
  • #22,519
  • Mar 5, 2011 4:35am Mar 5, 2011 4:35am
Quoting maanawi
this is my view for UJ for weekly, breaking the lower trend line will drive it to 76.70
on H4 some major trend lines.
Lol, you really think that the Japanese Government will let that happen?
BOJ will intervene big time.
Every big Japanese exporting company would go bankrupt with 76.70.
They already lose every day at the moment.
Lol with that rate they would start importing from the US. And of course the US would stop importing from Japan.

I think we're going back to 83 next week, and maybe higher, 83.40 or 83.50

Shamu
Attached Image (click to enlarge)
Click to Enlarge Name: uj 03-05-11 d.gif Size: 29 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #22,520
  • Mar 5, 2011 6:24am Mar 5, 2011 6:24am
87.91 is resistence.. Violation of that price...it can Fly.

Congrats FOSKING! All the best.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ DAILY..jpg Size: 156 KB
Markets are not Random, they are designed!
91 traders viewing now