USD/JPY Discussion

The New Home Sales kind of surprised me. Everything that I have been reading suggested they would continue to lag for months to come because there are so many good bargains on Existing Homes, many of which are only 5 years old or so, basically new.

Still Winter. Summer might be very nice.

Like to see this trend continue.

And an upward revision to boot.

going south.

Well.....make or break this week........

same here i placed mine at 81.53 with a tight S/L , whats everyones position =)

USDJPY had a nice spike this morning after the consumer confidence numbers came out and has now dropped back down to support levels (I rode the spike, but only exited with a few pips in profit after the pull back hit my stop losses).

Do you think the small USD surprises vs. the very poor retail numbers expected from JPY this afternoon will reignite a small rally?

Trying a long @ 81.50

D1:

Price reached weekly pivot, closed @ 82.30

M15:

Sure not easy to get this pair down again.....

My entry from earlier today

+hd & ab=cd(inv)

not easy ,but possible .

going long on this puppy......

with a lot of reluctance, took a long again @ 81.50

i am short

short???!!!



+hidden diverg

yes, short.
as always cannarek says 'it is usually much more probable the move to continue than to reverse'
lets watch and see and react, good luck

I think a final drop into the 80.80 range can be expected, but I only opened up a small position and will open up another around this area.

im gonna open anotehr small position. yen is crazy today. Also i walked on to the trading floor at work and saw a huge buy order for the usd/jpy working its way thru. soo...i dont know...gotta go with the big boys.

Hang on here she goes!!! TLMA!!!